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Cash cattle prices showed a nearly $10 per cwt premium in the North over the South during the week, with Nebraska and Iowa averaging well above Texas and Kansas. Analysts questioned this spread alongside USDA Cattle on Feed reports showing on-feed numbers near record highs.
Large regional price spreads and ample feedlot supplies suggest uneven cattle demand and possible downside pressure on cash fed cattle prices.
dtnpf.comShayLe StewartJun 27, 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.
