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Derrell Peel says strong demand across beef, pork and poultry is lifting cattle prices this spring, driven by grilling season and stimulus payments. He also notes high feed costs are a concern, with corn prices advancing and wheat harvest approaching, potentially shifting feedlots toward wheat.
Strong meat demand supports cattle prices, while rising corn costs could push feedlots to substitute cheaper wheat, shifting feed demand between grains.
pnwag.netGlenn VaagenApr 16, 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.
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.
