Loading…
Feeder cattle futures for August through October 2022 were quoted at $173 to $174.80/cwt, and the writer notes a recent sale of weaned steers at $173. Feeder supplies are very short after producers sold earlier, and grain costs are edging higher.
Tight feeder supplies and firm deferred futures point to continued strength in feeder prices, while rising grain costs weigh on feedlot margins.
hpj.comHPJ StaffNov 12, 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.
