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Feed-Lot Magazine argues that cattle buyers should price feeder cattle on genetic value rather than hide color. It notes over 70% of fed cattle are now black-hided and that genetics account for roughly one-third of carcass grid outcomes.
This is an industry commentary on breeding and pricing practices with no immediate supply or demand shock. Any pricing change would be gradual and carries limited near-term market impact.
feedlotmagazine.comJill J. DunkelMar 3, 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.
