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An extension risk specialist notes live cattle and feeder cattle futures are at or near contract highs, with the April 2024 live cattle contract above $172. Tight fed cattle supplies and high feed costs are cited, and volatility is lower than usual at high price levels.
Tight cattle supplies and consistent beef demand support high futures prices, while feed costs limit producer willingness to rebuild herds. The outlook points to firm cattle prices until feed becomes more plentiful.
u.osu.eduSmith atMar 8, 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.
