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September feeder cattle futures have dropped nearly $18 over two weeks. University of Missouri economist Scott Brown says supply fundamentals have not changed, and he is watching weakness on the demand side.
Falling futures on demand concerns rather than supply changes signal downside risk for cattle prices. Lower cattle values could weigh on feedlot demand for feed.
brownfieldagnews.comMeghan GrebnerAug 12, 2024Not 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.
