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By the time the 2017 season had concluded, they’d ultimately produced 199 pass yards per game and 84 rush yards per game. The Packers offensive unit posted 19.8 points per game (when playing NFC teams) by averaging 206 pass yards and 118 rushing yards. The Packers defense gave up 24.8 PPG to non-conference foes and 23.8 PPG to teams in conference… Free NFL Pick: Chicago Bears vs. Green Bay Packers SU Winner – Packers, ATS Winner – Packers, O/U – Under The streaking Chicago Cubs will go for their sixth straight win as they play host… The Bears offensive line allowed 39 sacks last season. Their defense created 42 sacks.
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At this point, it does not matter which contract is being viewed as all three months are trading in about a 50 cent range. Thus, based on futures contracts and traders of futures contracts, the market price is not expected to be any different in November than it is today. This singular piece of information provides pricing opportunities for cattle intended for fall marketing. How this information is used can lead to several different outcomes as it relates to the price received for fall cattle marketings and ultimately profitability. Though futures are showing no price changes between now and November, the seasonal tendency is for calf and feeder cattle prices to decline. Based on Tennessee price data, 500 to 600 pound steer prices decline five percent on average from August to November which would result in prices declining about $7 per hundredweight in today’s market which equates to about $40 per head. Similarly, 700 to 800 pound steer prices decline six percent on average from August to November which would mean nearly an $8 per hundredweight decline in prices over the next few months. Given that feeder cattle futures are not pricing in any price decline over the next three months and the seasonal tendency is for cattle prices to decline, producers have a decision to make on market pricing. Most producers will ride the market out until time of marketing which will likely result in receiving a lower price if the seasonal tendency holds. Other producers may take advantage of today’s market price and either hedge fourth quarter marketings or sell cattle using a forward contract with an October or November delivery.
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