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Cattle on feed reached a record 1.12 million head at the end of June despite 10-year-high grain prices. Feedlot margins have turned negative, with cattle put on feed last week showing a loss of about A$71 per head.
Negative feedlot margins typically lead to fewer cattle on feed, which tightens finished cattle supply and could lift grain-fed prices while pressuring feeder demand and grain-fed cattle prices.
farmonline.com.auAngus Brown, MecardoAug 30, 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.
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.
