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Texas A&M economist David Anderson says cattle prices are showing signs of improvement, with fed cattle more than $25 per hundredweight above a year ago. Packing capacity is constrained by pandemic-related slowdowns.
USDA data show feedlot inventory on June 1 at 11.7 million head, the second-highest for June since 1996.
Tightening cattle supplies and higher fed prices support feeder and calf values, although packing bottlenecks keep the gains limited for producers.
texasfarmbureau.orgJulie TomascikJul 19, 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.
