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Feeder cattle markets were very quiet in late December, with auction barns in holiday mode and no confirmed direct sales. Feed grain prices kept rising, and the analyst expects a defensive tone to continue through January.
Vaccine rollouts and possible U.S. stimulus payments are seen as factors that could support beef demand.
Higher feed grain costs make current feeder prices hard to justify for summer marketing, which limits upside. Expected improvement in beef demand could support prices if it materializes.
farmtario.comJerry KlassenJan 5, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
