Loading…
Pete Crow reports fed cattle trade was slow, with the average near $168 live and $265 dressed, and packers buying only dressed cattle due to mud. Packers are cutting slaughter and margins are around $90 per head, while the futures market has strengthened.
Reduced packer slaughter and rationing of supplies support fed cattle prices, and expected spring seasonal strength, with supplies trending below prior years, favors higher cattle prices.
wlj.netPete Crow, WLJ publisher emeritusMar 31, 2023Not 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.
