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Oklahoma economist Derrell Peel expects at most a 4% to 6% fourth-quarter dip in feeder calf prices versus 2017 and sees modest seasonal swings. He cites tariff uncertainty, herd expansion, rising feedlot supplies and record pork and poultry production as headwinds.
Record pork and poultry output could pressure beef prices into 2019, while expanding feedlot supplies weigh on feeder values.
dtnpf.comSep 17, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
