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A University of Kentucky extension economist says stocker operations look well positioned for 2023. Feed costs per pound of gain were above $1.45 in January, and November feeder futures trade about $30 over March, signaling expected price increases through the year.
High feed costs raise the cost of gain, but a steep futures carry supports returns for growers who lock in margins. The commentary suggests feeder cattle prices are expected to rise, supporting demand for feed grains.
u.osu.eduSmith atMar 15, 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.
