Loading…
Northern Ag Network reviews cattle markets after a March winter storm disrupted slaughter and beef production in February. Steer carcass weights fell year over year for the first time in 71 weeks, and feeder prices held steady despite large March auction volumes.
Lower carcass weights and steady feeder prices indicate tight beef supply dynamics that support cattle values through the rest of the year.
northernag.netCourtney KibblewhiteMar 18, 2021After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% over 20.
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.
