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Cattle futures and cash markets have largely recovered from the late-March selloff triggered by the diagnosis of highly pathogenic avian influenza in dairy cattle, now called Bovine Influenza A virus. Oklahoma steer calf prices have bounced off recent lows, though drought is re-emerging across the state.
Market fundamentals are reasserting themselves, supporting cattle prices, while drought-driven grazing concerns could temper stocker demand and calf prices in the coming month.
farmprogress.comDerrell PeelApr 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.
