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A livestock marketing specialist notes that CME feeder cattle deferred contracts trade at a $14-$18 premium to April, a wider spread than usual. He recommends cow-calf and stocker operators consider forward price protection for summer and fall sales.
The wide futures carry signals market expectations of higher feeder prices into late summer, which shapes hedging and placement decisions. Buyers should weigh the implied forward price against current feed costs.
u.osu.eduSmith atApr 14, 2021Not 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.
