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Purdue economist Michael Langemeier says fed cattle prices rose from about $101/cwt in September 2019 to $122 by year-end, which ended a run of losses dating to early 2018. Feeding margins improved in the fourth quarter, with losses expected to narrow to $10 to $40 per head.
Breakevens for the first half of 2020 are projected at $119 to $122/cwt.
Improved feeder margins and firm fed prices into mid-2020 support cattle prices and encourage feedlot placements, which sustains demand for feed.
feedstuffs.comKrissa WelshansJan 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.
