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Feeder cattle prices fell seasonally into October, with steers of 575 to 725 pounds declining more than lighter and heavier animals. Prices for calves and stockers rebounded sharply in November after late-October lows during a winter storm.
The analysis highlights wheat pasture conditions, higher corn prices and futures volatility as influences.
Higher corn prices raise the cost of finishing feeder cattle, which can weigh on feeder demand and feed grain use, though the article is mainly an analysis of cattle price structure.
agproud.comDerrell S. PeelNov 24, 2020
drovers.comNov 23, 2020Not 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.
