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CattleFax analyst Kevin Good says 2021 is the third consecutive year of cattle liquidation and a third year of smaller calf crops. He expects tighter supplies in late 2021 into 2022 alongside record beef demand, and he pegs the 2022 fed steer price near $135 per hundredweight.
Shrinking cattle numbers and strong demand point to higher live cattle and feeder cattle prices, which raises the cost of finishing cattle and affects feed demand for finishing rations.
brownfieldagnews.comMeghan GrebnerAug 12, 2021Not enough comparable past events yet for a historical read.
Not 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.
