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Elliott Dennis, a University of Nebraska economist, examines USDA-AMS video auction data for fall 2021 feeder cattle delivery. He notes large spring and summer price swings driven by strong beef demand, meat processing issues, higher feed prices, drought and COVID restrictions.
Video auction prices signal expected fall sale barn feeder cattle prices, helping feeder buyers forward contract and manage costs. The article is analytical commentary without a new price-moving event.
agproud.comElliott DennisSep 28, 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.
