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Western Livestock Journal commentary notes cattle markets are strengthening and cash fed cattle traded at $142-144 live. The estimated feeder cattle supply was 25.54 million head, down 2.6% year over year.
Feedlots have been borrowing against future placements to keep pens full.
A smaller feeder supply and strong feedlot demand support feeder cattle prices. Feedlots' reduced ability to keep pens full could tighten supplies later this year.
wlj.netPete Crow, WLJ publisher emeritusFeb 18, 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.
