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A Kansas State University extension article explains how feeder cattle producers can use Livestock Risk Protection insurance to manage price risk. It notes futures for fall 2024 and early 2025 calves have rallied to around $265-270/cwt.
The piece warns that weather and global conflict could hurt the 2024 market.
Elevated forward feeder prices reflect tight supplies, which keeps feed demand for corn and other feedstuffs firm. Producers hedging calf sales could reduce herd rebuilding, adding to longer-term supply tightness.
k-state.eduSandy JohnsonFeb 28, 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.
