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Cattle market prices fell sharply in November after a bullish first half of the year. The January 2024 feeder cattle contract dropped from about $268/cwt in mid-September to $219/cwt by end of November.
Lower feeder cattle values reduce the price feeders can pay for calves and yearlings, while softer fed cattle prices tighten feedlot margins and affect demand for feed.
uaex.uada.eduDec 1, 2023Not 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.
