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Oklahoma State extension says cattle futures and cash markets have largely recovered from the April dairy cattle avian influenza scare, now called Bovine Influenza A. Steer calf prices bounced off recent lows but may move sideways before rising later in the year.
Oklahoma drought coverage jumped from about 34% to 66%, which could weigh on summer stocker demand.
Sideways calf prices and drought-driven grazing concerns could temper stocker demand near term. The broader cattle uptrend still points to firmer feeder prices later in 2024.
extension.okstate.eduApr 29, 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.
