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Feedlot ration commodity prices in eastern Australia have eased over the past month as widespread rain has improved pasture conditions. Cottonseed prices have fallen by at least $150/T since November, with spot near $500/T delivered Moree.
Easing grazing pressure reduces producer demand for cottonseed, hay and grain as feed substitutes, lowering feed input costs for Australian lotfeeders.
beefcentral.comEric BarkerJan 16, 2024Not enough comparable past events yet for a historical read.
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.
