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Terrain Analysts report that drought-reduced beef cow numbers are tightening feeder and calf supplies, which is expected to lift fed cattle and beef prices into spring. Winter storms caused weight loss in northern feeding areas, and feeders are delaying marketings, which has started a seasonal spring rally.
Delayed marketings and tighter supplies support higher fed cattle prices, which strengthens the outlook for feeder cattle and cattle feed demand.
fcsamerica.comTerrain Analysts Economic UpdatesApr 26, 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.
