Loading…
Oklahoma State extension specialist Derrell Peel describes extreme cattle market volatility since February. Live cattle futures fell from about $112 to $86 per cwt before partly recovering, while cash fed cattle dropped from nearly $120 to about $106 and then rebounded to about $119.
Feedlot and feeder buyers face wide swings in cattle values tied to COVID-19 demand fears, packer labor risks and rising beef output, which affects feeder cattle and cattle-linked feed demand.
agproud.comDerrell S. PeelMar 31, 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.
