The Economic Research Service projected lower farm-sector returns for 2024, with cattle returns falling as lower traded volume offsets higher prices. Feeder animal costs and interest expense are expected to stay high.
The article also notes that grazing fees rose in several states in 2023 after high corn and hay prices.
Higher feeder costs and interest expense squeeze cattle feeding margins, which can slow placements and reduce demand for feed. Lower corn and hay prices would ease these pressures on cattle producers.
Tras 78 eventos neutral de macro pasados, Maíz se movió una mediana de +0,3 % en 5 sesiones (55% al alza; mitad central entre -1,1 % y +1,6 %), y -0,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.