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A University of Tennessee economist explains that higher corn and soybean prices will pressure feeder cattle in the short run through higher feeding costs. Over the longer term, some pasture and hay acreage could shift to row crops, reducing cattle numbers.
Expectations of fewer cattle over the next two to three years point to stronger feeder cattle prices, while near-term feed costs weigh on them.
u.osu.eduSmith atMar 31, 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.
