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Western Livestock Journal publisher Pete Crow comments that fed cattle prices are reaching new highs and fall feeder contracts trade near $160. He cites about 900,000 fewer feeder cattle outside feedyards, drought affecting roughly 38% of the nation's cattle inventory, and a rise in beef cow slaughter.
A shrinking feeder pool and drought-driven liquidation tighten supply, supporting feeder cattle prices into the fall marketing period.
wlj.netPete Crow, WLJ publisher emeritusJul 2, 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.
