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Farm Credit Illinois regional vice president Mike Baker reviews COVID-19 effects on beef, noting steer calf prices have been erratic and October feeder futures are about 30 cents below their mid-January high. He argues that strong beef demand and higher cull cow values should support the market.
Feeder buyers face uncertain fall calf prices, but strong beef demand and firm cull values point to some support for cattle markets.
farmprogress.comIndustry Voice by Mike BakerMar 30, 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.
