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An Ohio State Beef Cattle Letter notes record August beef exports and that fed cattle prices have not yet fallen seasonally. Calf prices are declining seasonally, weighed on by weather-related health issues and high feed costs that favor placing calves on feed.
The outlook for calves next year is described as encouraging.
Significantly higher feed prices are shifting calf demand toward heavier, feed-ready animals, which lowers calf values and reflects feed cost pressure on feeding margins.
u.osu.eduSmith atOct 20, 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.
