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Feeder cattle futures have fallen $30-$40/cwt from September highs, with cash feeder prices down less. Kentucky extension economist Kenny Burdine says markets have become pickier and reacted strongly to recent negative news.
Lower feeder futures reduce feeder cattle values and signal weaker feedlot demand for feed, which bears on feed-buyer demand outlooks. Seasonal fall weakness and demand concerns keep near-term pressure on prices.
u.osu.eduSmith atNov 15, 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.
