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The Livestock Marketing Information Center estimates cattle placed in July will need closeout prices above $188/cwt in January to break even. Feeder steer prices in Dodge City have risen about 40% in eight months to $242/cwt, and futures suggest profits through 2023.
Rising feeder costs narrow feeding margins and reduce the incentive to place cattle, which can cut future demand for feed grains.
beefmagazine.comAug 14, 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.
