Loading…
An Ohio BEEF Cattle Letter column explains that the nearby October 2018 live cattle futures contract trades at a steep discount to later months, with prices peaking in April 2019. It also notes the seasonal cash price low in September or October and the projected 2019 slaughter steer price ranges from the latest WASDE.
The futures curve and seasonal patterns guide hedging decisions for feeder buyers, indicating cash fed cattle prices typically rise into spring.
u.osu.eduSmith atOct 17, 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.
