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Pete Crow's column says cattle markets are shifting from normal seasonal patterns, with cull cow prices falling to the low $50s/cwt from about $60 a month earlier. He notes packers are earning strong margins and the herd buildup has stopped.
Falling cull cow prices and a leveling cow herd point to lower beef cow revenue and a possible longer-term supply tightening that could support future prices.
wlj.netPete Crow, WLJ publisher emeritusNov 16, 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.
