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CattleFax analyst Randy Blach told the Wyoming Agricultural Bankers Conference that the cattle industry has remained profitable but will not return to very high calf prices. He noted that August feeder futures fell from $1.49 to $1.38 in three weeks and that cash markets dropped from $1.20 to $1.12 in two weeks.
A $12 price swing in two weeks shows how quickly feeder and cash values can move, which raises risk for feedlot and cow-calf margins. Buyers should expect continued volatility as prices adjust from earlier highs.
wylr.netMay 19, 2018Not 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.
