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Oklahoma State extension specialist Derrell Peel says strong domestic and export beef demand is supporting boxed beef and fed cattle prices. Fed cattle hit new seasonal highs above $130/cwt, and choice boxed beef recovered to $217.
Beef production is up 4.7% year to date.
Solid demand for beef supports fed cattle values despite rising production. Packers paying up for cattle keep feeder and fed prices firm.
swoknews.comVIC SCHOONOVERApr 26, 2017Not 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.
