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Oklahoma State economist Derrell Peel said feeder cattle auctions are winding down for 2022 and that feeder markets finished the year with momentum. Oklahoma remains in significant drought, with over 98 percent of the state abnormally dry or in drought.
Strong year-end feeder prices and smaller December volumes point to continued firm feeder cattle values entering 2023.
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.