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Oklahoma extension analysis shows the January feeder cattle contract fell 6.5% and December live cattle fell 4.4% between October 18 and 23, after a bearish Cattle on Feed report. Packers then bought cattle, keeping cash prices strong near $180 to $184 per cwt.
The analysis warns that volatility raises producer risk.
Tight supplies and strong cash prices support cattle values into 2024 and 2025, but high volatility and rising input costs add risk for feeders and buyers. Price swings may persist.
fb.orgBernt NelsonNov 1, 2023
oklahomafarmreport.comSpencer AndersonNov 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.
