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A Mississippi State and Ohio extension update reviewed the cattle market setting, noting higher steer prices and live cattle prices versus a year ago, with boxed beef off its summer peak but strong. Bullish factors included tight supplies, drought-driven cow liquidation and export growth to China, while corn price volatility was flagged as the main headwind.
Expected lower cow numbers and strong demand support cattle prices into the fall, while volatile corn costs are the key risk for feedlot margins and feed buyers.
u.osu.eduSmith atAug 18, 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.
