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The November 1 cattle on feed inventory was 11.97 million head, up 1.3% from a year earlier. The article explains that fed cattle market outcomes depend on feedlot demographics, feed costs, weather and regional factors.
A slightly larger feedlot population adds near-term supply pressure on fed cattle prices. Feed costs and placement patterns will determine how this translates into demand for feed.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistDec 4, 2020Not 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.
