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Jerry Klassen's column explains the fundamentals that set calf and yearling prices, including feeding costs per pound of gain and the expected fed cattle price at slaughter. He notes feedlots bid feeder prices up until margins are minimal.
The piece is educational and gives no new market move.
Feeder values depend on expected finished cattle prices and feed costs, so corn and barley prices feed directly into what feeders can pay. The column offers a framework rather than a new shock.
grainews.caJerry KlassenMar 13, 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.
