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Van Ahn and Company analyst Steve Witt expects feeder cattle prices to avoid their usual seasonal late-summer weakness. He cites tight cattle numbers, a lack of heifer replacements and heavy dairy culling that is sending cows to slaughter.
Limited feeder supplies and dairy culling support feeder prices into the fall, which keeps cattle feeding margins under pressure and demand for feed steady.
rrfn.comDon WickAug 16, 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.
