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An Ohio BEEF Cattle Letter analysis notes fed cattle prices have risen since spring, unlike their normal seasonal pattern, with prices up more than $6 per cwt since early October. Record beef exports and tighter feedlot supplies are cited as drivers.
Export levels remained over 20% above 2020 in September.
Tighter fed cattle supplies and strong export demand point to sustained upward pressure on live and feeder cattle prices. Feeder buyers should expect supportive values into 2022.
u.osu.eduSmith atNov 10, 2021Not 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.
