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A Farm Progress column explains that cattle prices are swinging several dollars a day due to drought, heat, rain and trade disputes. About 26% of the US beef cow herd was in drought areas by end-June, and beef cow slaughter rose more than 12% in the first half of 2018.
Drought-driven herd liquidation and early calf movement add supply uncertainty, which keeps cattle futures and cash prices volatile for feed buyers.
farmprogress.comAug 1, 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.
