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Feeder cattle futures have risen more than $10 per cwt since May, with heavy feeder demand firm. Steer calf prices in the Southern Plains have climbed through July and August, counter to normal seasonal patterns.
Beef cow slaughter remains 14% above 2021 levels.
A shrinking beef cow herd and tight calf supplies point to firmer feeder cattle prices into the fall. Higher feeder values also raise the cost of cattle placed in feedlots.
u.osu.eduSmith atAug 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.
