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Beef prices remain high after a multi-year drought in US cattle regions reduced herd size. Higher operating costs for fuel, equipment and labor, along with expensive feedlot inputs including grain, have raised the cost of raising and fattening cattle.
Reduced cattle numbers and higher feeding costs keep fed cattle and feeder prices elevated, and corn and feed-grain costs feed into the expense of finishing animals.
forbes.comSal GilbertieSep 24, 2023After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
