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Analyst commentary says cattle inventories remain low because feeder prices encourage heifers to go to feedlots instead of being kept as replacements. Tight supplies push feeders to heavier weights and longer days on feed.
Heavier finishing weights and longer days on feed increase feed consumption per head, supporting demand for feed ingredients even as cattle numbers stay low.
farmweeknow.comDELOSS JAHNKEMay 29, 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.
