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An analysis of Texas corn prices and Georgia cattle prices finds that corn costs and feeder cattle prices generally move inversely. Georgia 500-600 lb feeder steers were around $305/cwt in early June and are expected to stay flat to lower into fall.
Flat corn prices have been supportive for feeder values, but any rise in corn would pressure what feedlots can pay for feeders, a key point for feed buyers tracking the feed-to-cattle margin.
feedlotmagazine.comKatelyn SteffensJun 19, 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.
