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NDSU economist Tim Petry says corn price volatility will affect feeder cattle prices and that a possible 3-million-acre increase in corn plantings could produce a record crop. The U.S. cowherd has grown to nearly four million head over four years, and fed cattle are about $7 higher than a year earlier.
A large corn crop would lower feed costs for cattle feeders, while the expanding cowherd and firm demand keep beef and cattle prices supported.
rrfn.comDon WickApr 20, 2019Not enough comparable past events yet for a historical read.
Not 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.
