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Oklahoma State University analyst Derrell Peel says feeder cattle prices recovered somewhat after the war-driven lows in late February, but feeder markets remain in transition. Feeder prices under 600 pounds rose about 10% since November while those over 800 pounds fell about 6%.
Shifting feeder price structure and falling stocker gain values point to uncertain summer placements, which affects feed demand and margins for feedlots.
farmprogress.comDerrell PeelMar 21, 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.
