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Drought-reduced beef cow numbers and tighter feeder cattle supplies are expected to cut slaughter and lift fed cattle prices into spring. Winter snowstorms have weakened feeding conditions in northern areas, prompting feeders to delay marketings and seek higher prices.
Delayed marketings and tighter supplies support fed cattle and beef prices, while declining grain costs help feeders offset weight losses. Feed demand may be affected by slower placements.
terrainag.comDave WeaberMar 25, 2024After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
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.
