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Kansas State University analysis examines the feeder cattle futures market, where nearby prices have roughly doubled from $130/cwt in May 2021 to above $260/cwt in June 2024. It highlights high basis volatility similar to 2015, but with rising rather than falling prices.
Large basis swings make hedging harder for feeder buyers and sellers, though the piece is analytical rather than a new market-moving event.
beefmagazine.comBeef MagazineAug 1, 2024Not 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.
