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Oklahoma State extension reports cattle market momentum carrying into 2023, with Oklahoma 500-pound steers up 19.3% year over year. Feeder and live cattle futures are priced higher for later contracts, reflecting tighter supplies at the feedlot level.
Tighter feedlot supplies and higher futures for later months point to firmer cattle prices and higher costs for feeder cattle buyers.
extension.okstate.eduJan 9, 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.
