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Woodward News reports that beef by-product values, roughly 10% of fed cattle prices, have fallen sharply over the past 18 months. The weak hide and by-product values are pulling down cattle price levels.
Lower by-product credits reduce the total value packers can pay for fed cattle, which weighs on live cattle prices.
spotonoklahoma.comAug 11, 2019Not 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.
