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DTN reports feeder cattle sales were mostly higher in the week of July 24, with yearlings near $2,200 per head at the Northern Livestock Video Summertime Classic. Buyers were willing to pay high prices because feeder supplies are thin amid strong beef demand.
Thin feeder supplies at record prices squeeze feedlot returns and reduce the number of cattle entering feedlots, which lowers future feed grain demand from the sector.
dtnpf.comShayLe StewartAug 7, 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.
