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Cash live cattle reached as high as $185 in the north and about $180 in Kansas during the week ending April 14, 2023. Live cattle futures hit contract highs before correcting, and packer bids pulled back after the peak.
Commentary notes that the cow herd has been reduced and tighter year-over-year supplies are expected.
A smaller cow herd means tighter beef supplies for the next few years, which supports cattle prices. Futures volatility is likely to remain high after the sharp three-week run.
tsln.comApr 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.
