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Mississippi State economist Josh Maples reports that feeder cattle prices in the Southeast are 40-50% above year-ago levels. He notes that CME feeder futures are priced higher through the fall before a seasonal dip in early 2024.
Strong feeder prices and a seasonal futures curve shape cattle placement and feed purchasing decisions for the coming months.
nationalbeefwire.comAug 2, 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.
