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At the NCBA Reboot event, CattleFax CEO Randy Blach outlined the cattle market outlook, noting that prices recovered from summer 2020 lows near $95 to about $114. He said record production and processing continue, and that weather could trim some tonnage.
Record cattle throughput and weather-related tonnage risk shape near-term fed cattle supply, which affects demand for feed.
hpj.comKylene ScottMar 12, 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.
