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An NDSU Extension economist advises cattle producers to use price protection tools such as LRP insurance or futures options, citing high volatility after feeder futures hit record highs in September and then fell. The advice covers backgrounding calves.
Elevated volatility in feeder cattle prices raises risk for backgrounding operations that buy feed and calves, but the article contains no new price shock.
agweek.comJenny SchlechtJan 11, 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.
