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Beef Magazine reports that live cattle and feeder cattle futures are at or near life-of-contract highs, with the April 2024 live cattle contract above $172 and the November 2023 feeder contract above $122. Tight supplies of fed cattle and consistent beef demand are cited as the drivers, while volatility remains moderate.
Tight cattle supplies and high futures prices support strong feeder cattle values, while high corn and hay costs squeeze feedlot finishing margins and can weigh on feed demand for grains and byproducts.
beefmagazine.comMar 8, 2023Not enough comparable past events yet for a historical read.
Not 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.
