Loading…
Feeder steer prices continue to rise on tight cattle supplies, improved pasture conditions and lower year-over-year feed costs. USDA-based forecasts were raised for the coming quarters, with feeder steers at $209 per cwt in Q2 and $224 in Q3.
Tight feeder supplies and lower corn costs support higher cattle values, while feedlots buy to lock in cheaper feed, which tends to keep feeder demand firm.
feedlotmagazine.comSources Russell Knight, Hannah Taylor, USDA, ERS, Feed-Lot MagazineJul 14, 2023Not enough comparable past events yet for a historical read.
Not 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.
