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A DTN analyst notes the spread between spot and deferred feeder cattle contracts has widened, with March 2023 near $186 and August near $208. Rising cash cattle and boxed beef prices drove the widening.
A wide futures carry rewards holding feeder cattle and signals expected firmer prices later in 2023, which supports deferred cattle values.
dtnpf.comShayLe StewartFeb 20, 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.
