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Beef Central reports that the gap between light and heavy feeder steers has closed as cattle prices slid over the past month. Heavier feeders are finding demand from lotfeeders filling forward contracts, while forward contract prices have been falling.
Rising grain and ration costs combined with falling forward contract prices are reducing feedlot margins and pushing feeder prices lower.
beefcentral.comEric BarkerOct 1, 2023Not 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.
