Loading…
DTN analyst ShayLe Stewart says feeder cattle prices are trading steady to somewhat lower within a range, about $8 below the September 2023 all-time high, even though fundamentals remain strong with historically low supplies and high buyer demand. Feeder cattle prices in the countryside have kept rising.
Tight feeder supplies support prices over the longer term, but technical exhaustion could bring short-term pullbacks for buyers timing purchases.
dtnpf.comShayLe StewartMar 13, 2024Not 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.
