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An explainer on drivers of fed cattle prices notes the USDA box beef cutout is the main driver, though its correlation with fed cattle prices has weakened in recent years. The piece describes how the cutout reflects wholesale values of boxed cuts reported under mandatory price reporting.
Understanding that the boxed beef cutout drives packer and feedlot bids helps buyers interpret cattle price moves, though the looser correlation makes forecasting less reliable.
beefmagazine.comEd CzerwienOct 22, 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.
