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An Ohio State cattle letter by Dr. Andrew Griffith argues that rising corn prices will temper feeder cattle price gains, since higher feed costs reduce what feedlots can pay for feeder cattle. It notes that strong live cattle futures offset this pressure and that futures and LRP insurance offer hedging opportunities for summer and fall sales.
Higher corn costs squeeze feedlot margins and pull feeder cattle prices lower, while firm fed cattle expectations support them, so buyers should expect a tug-of-war rather than a clear trend.
u.osu.eduSmith atFeb 24, 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.
