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An Oklahoma State extension analysis says the fed cattle market was the industry's main bottleneck in 2021, caused by feedlot placement backlogs and packing capacity limits. Fed cattle prices have jumped roughly $5/cwt over the past two weeks.
The author expects cattle and beef markets to rebalance.
Easing the packing bottleneck lifts fed cattle prices and supports the live cattle complex. Tighter supply in coming months should keep prices firm.
beefmagazine.comDerrell PeelNov 8, 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.
