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DTN analyst ShayLe Stewart writes that feeder cattle contracts fell over the past month amid avian influenza news, while the market remains historically high. A $13 spread exists between May and August 2024 feeder contracts, and feeder cattle imports from Canada and Mexico are up year over year.
Rising feeder imports and seasonal patterns suggest added supply pressure on feeder cattle values, which could weigh on finishing demand for feed.
dtnpf.comShayLe StewartApr 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.
