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Canadian analyst Jerry Klassen says feeder cattle prices should be strong in 2022. He points to packer capacity exceeding market-ready fed cattle supplies, steady beef demand, and a shrinking US calf crop.
He expects US beef output to fall sharply in the second half of 2022.
Expected tighter cattle supplies and firmer fed cattle prices should lift feeder cattle values as feedlots bid for cattle. This is an outlook opinion rather than a new market-moving event.
agcanada.comAGCanadaJan 4, 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.
