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An Ohio State cattle letter notes rising feed prices are creating a divergence between fed and feeder cattle values. Feeder markets are driven by expected fed cattle value minus feeding cost, and demand for beef is encouraging.
Higher corn costs squeeze feeder margins and pressure feeder cattle values relative to fed cattle, a key feed-demand link.
u.osu.eduSmith atJun 1, 2021Not enough comparable past events yet for a historical read.
Not 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.
