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University of Missouri economist Scott Brown says the gap between cattle prices and beef prices has no easy fix, citing fed cattle supply relative to slaughter capacity and COVID-related costs. Industry groups met to discuss the price imbalance, with findings expected to be released.
Packers facing steady cattle runs with strong boxed beef demand keep cash cattle bids restrained, pressuring feeder and fed cattle prices relative to beef values.
brownfieldagnews.comMeghan GrebnerMay 17, 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.
