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The Western Livestock Journal describes a US cow herd at a 60-year low, with feeder cattle prices at records that exceed hedgeable breakevens. Feedlots are relying on cheap feed and steady consumer demand.
Tight feeder supply and expected heifer retention point to higher feeder cattle prices in the near term, and feed costs affect feedlot margins.
wlj.netDr. Bob Hough, WLJ correspondentAug 19, 2024Not enough comparable past events yet for a historical read.
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.
