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Oklahoma State economist Derrell Peel reports that calf and feeder cattle prices have declined more than seasonal norms since April. Steer calf prices in Oklahoma fell about 12% since April versus a typical 4-5% decline.
High feed grain prices and poor forage conditions are weighing on calf values.
High grain costs and weak forage push cattle prices down, reducing feeder cattle demand for feed and signaling tighter margins for feedlots.
agproud.comDerrell S. PeelJun 6, 2022Not enough comparable past events yet for a historical read.
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.
