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Oklahoma State's Derrell Peel reports boxed beef cutout rallied from about $202/cwt in mid-October to over $218/cwt, and fed cattle prices recovered to $113-$114/cwt. Total slaughter ran 1.9% above last year over the past six weeks.
Stronger boxed beef and fed cattle prices reflect tighter feedlot supplies, which supports feeder cattle values and feedlot margins.
tscra.orgWritten by: kristinNov 5, 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.
