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Superior's Corn Belt Classic feeder cattle sale drew strong prices in 2021, with most weight groups surpassing both 2020 levels and the three-year average for region two steers. Producers remained cautious given drought, limited water and herd liquidation in the western US.
Stronger feeder prices reflect tight cattle supplies, which support feed demand from feedlots but raise cost for feeder buyers.
dtnpf.comShayLe StewartJun 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.
