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Cull cow prices in Oklahoma City averaged $50.13/cwt for Breaker cows in November, nearly 11% lower year over year, with Boning cows down over 16%. Weak cow boxed beef prices, now averaging 8.3% below year-earlier levels since mid-year, have dragged cull prices lower.
Persistently weak cull cow and cow beef prices reduce beef processing returns and signal ample cow beef supply, bearish for cattle values.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistDec 5, 2018Not 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.
