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Missouri economist Scott Brown says momentum in higher cash fed cattle prices is likely to continue into 2020. Cash prices rose $2 in the South and $2 to $5 in the North in the week ended January 3.
Packers are bidding aggressively even as Choice boxed beef prices are lower.
Aggressive packer bidding supports live cattle values, which can sustain cattle-feeding demand for grain and meal.
brownfieldagnews.comMeghan GrebnerJan 6, 2020Not 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.
