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Two central Nebraska livestock markets, Huss and Lexington, set record feeder cattle prices in the week ending July 30. Operators said demand is outpacing supply as buyers show up ready to bid.
The US cow herd is at its lowest level in nearly 70 years.
Record local auction prices reflect tight national cattle supply and strong buyer demand, which points to continued firm feeder prices. Feeder costs for buyers are likely to remain high.
Not 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.