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Texas A&M AgriLife economist David Anderson says fed cattle prices are rising on stronger-than-normal seasonal beef demand as the US economy emerges from the pandemic. Vaccination rates and restaurant recovery are cited as drivers of demand for higher-value cuts.
Rising consumer beef demand supports fed cattle prices, which in turn supports feeder cattle values and the cattle complex more broadly.
agrilifetoday.tamu.eduAdam RussellMay 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.
