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Wyoming ranchers face losses as feeder cattle prices dipped to $110 per hundredweight in March, $25 below the five-year average, while boxed beef prices rose. Ranchers say the price gap between producers and packers threatens break-even years.
Weak feeder prices reduce calf values and signal lower future feedlot placement prices, while the packer-producer spread highlights the squeeze on cattle supply.
wyodaily.comJen Sieve-Hicks, Buffalo Bulletin Via Wyoming News ExchangeApr 16, 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.
