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Canadian columnist Jerry Klassen says feeder cattle prices have trended higher over the past year, with calf and feeder prices near historical highs. Feeder futures for November trade at a premium to May, while January futures sit at a discount, suggesting traders expect a peak in November 2023.
Tight cattle supplies and expected seasonal softening into early 2024 shape feeder pricing for buyers planning fall purchases, with the futures curve signaling a likely top in late 2023.
grainews.caJerry KlassenApr 28, 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.
