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A review of the 2021 cattle market covers the fed cattle backlog from pandemic plant closures, heavy carcass weights and record cutouts. The 5-state fed steer price averaged $122/cwt in 2021, up 13% from 2020.
Persistent feedlot backlogs and heavy carcasses limit packer capacity and reflect tight cattle supplies that support fed cattle prices.
drovers.comPaul DykstraFeb 10, 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.
