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Kentucky feeder cattle prices fell about $10/cwt from the third week of February to the second week of March 2020, a sharper seasonal drop than usual. University of Kentucky's Kenny Burdine said COVID-19 uncertainty made forecasting nearly impossible.
Sharper feeder cattle price declines reduce producer margins and signal weaker near-term demand for feed grains used in backgrounding and finishing.
u.osu.eduSmith atMar 18, 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.
