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LACO Commodity Research notes that USDA reported US feeder cattle supplies outside feedlots were up 0.6% year over year on January 1, 2025. It says the August feeder contract trades near the high end of its recent price range and could struggle into summer.
Heifer retention to rebuild the herd would tighten feeder supply and could become the dominant bullish factor.
Heifer retention tightens feeder supplies and supports prices later in the year, but contract values near the top of the range face downside risk.
lacocommodities.comDavid TedrowFeb 11, 2025Not 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.
