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Feeder cattle sales at Superior's Corn Belt Classic on June 10-11 brought higher prices, with Region 2 steers weighing 500-749 pounds trading $17-35/cwt above 2023. Analysts said the sale sets the tone for fall feeder cattle prices and noted that fed and feeder cattle markets are at record highs.
Stronger early-summer feeder sale averages point to firm feeder cattle values into the fall, which supports the cost of feeder inputs for buyers.
dtnpf.comShayLe StewartJun 24, 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.
