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Strong beef byproduct sales have lifted byproduct, or drop, values for cattle, with steer and cow drop values trending higher through 2021. The article notes these values support fed cattle prices and are expected to persist into 2022.
Higher drop credits add to packer carcass value, supporting live cattle bids and producer returns, which points to firmer cattle prices.
spotoncalifornia.comDec 17, 2021
farmprogress.comLee SchulzDec 17, 2021Not 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.
