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The Seam republishes Derrell Peel's Oklahoma cattle analysis, showing feeder volumes up 19.7% over mid-July to mid-October and down 6.1% in recent weeks. Oklahoma 480-pound steer auction prices were $190.08/cwt for the week ending October 28, with March feeder futures implying $183/cwt for 780-pound steers.
Expected smaller feeder volumes through November and firmer futures point to supportive feeder cattle prices, with drought limiting pasture and stocker supplies.
theseam.comOct 31, 2022Not 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.
