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Rabobank senior analyst Don Close said a RaboResearch report found that transaction types in the cattle market diverge less once put on a cash-equivalent basis. He argued that the price gap between cutout values and live cattle reflects limited slaughter capacity, which he estimated needs to rise by 4,000 to 5,000 head per day.
Slaughter capacity shortfalls keep packer margins high and live cattle prices below cutout values, so proposals to change pricing methods could alter how feeder cattle are valued over time.
brownfieldagnews.comMeghan GrebnerJun 1, 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.
