Loading…
Feeder cattle volumes at Oklahoma auctions were up 19.7 percent year over year from mid-July to mid-October, and have been down 6.1 percent over the last two weeks. Feeder prices rose after mid-October following a sharp summer-to-fall decline in futures, and drought has reduced wheat pasture availability.
Smaller fall feeder supplies and drought-reduced pasture support higher feeder prices and tighter cattle numbers heading into spring, with feed demand shaped by the reduced grazing.
feedlotmagazine.comDerrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist Questions or comments about this article can be emailed to editorial@feedlotmagazine.com.Nov 2, 2022After 79 past bullish weather events, FCATTLE moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 224 past neutral weather events, WHEAT moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
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.
