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Feeder cattle prices have strengthened as cash cattle reached record highs above 2014-15 levels. Futures anticipate fall feeder cattle prices of $245-248 per cwt, ahead of the June 7-8 Superior Livestock Corn Belt Classic sale offering 64,500 head.
Tight cattle supplies and strong demand support higher feeder prices, with futures pricing implying sharp year-over-year gains.
dtnpf.comShayLe StewartJun 5, 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.
