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A December 26 Ohio BEEF Cattle Letter analysis argues packers hold a negotiating advantage over feedlots, with live-to-cutout spreads wider than a year earlier. High on-feed cattle inventories are cited as supply pressure.
The piece outlines indicators to monitor such as committed and delivered cattle.
Wide packer margins combined with heavy cattle on feed point to pressure on feeder cattle prices until feedlot supplies decline.
u.osu.eduSmith atDec 26, 2018Not 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.
