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Oklahoma State extension economist Derrell Peel explains that rising feed grain prices are being reflected in feeder cattle markets. He notes that feeder supply adjusts slowly with calf crops, so cattle feeders are shifting toward heavier feeder cattle that need less feed.
High grain prices signal feed rationing, but cattle supply responds slowly, so feeder prices adjust through weight mix rather than an immediate drop in placements. Corn demand from feedlots remains firm in the near term.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistJul 23, 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.
