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USDA reported a record daily five-market fed cattle cash price of $172.33/cwt on April 6, 2023, followed by $175.87/cwt the next day. Futures prices show a typical seasonal dip through the summer before recovering later in the year.
The author expects feedlot inventories to keep falling, which could keep fed prices rising.
Shrinking feedlot inventories and tighter feeder supplies point to higher fed cattle prices than normal seasonal patterns would suggest. Feeder cattle prices are likely to follow fed cattle higher.
wlj.netApr 14, 2023Not 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.
