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Fed cattle prices reached $124 to $125/cwt in the first week of 2020, extending a fall rally of about $22/cwt. Texas A&M economist David Anderson notes the rally is stronger than the seasonal average.
Slaughter rose alongside prices in late 2019.
Strong cash cattle prices and higher slaughter point to solid cattle-sector demand for feed, although seasonal weakness is typical in February.
feedstuffs.comKrissa WelshansJan 7, 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.
Fed cattle cash prices rallying to $124-125/cwt in early January signals strong underlying fed cattle values that support feeder cattle demand, though the article is dated a day after the move and is broader context.
