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Fed cattle prices dropped sharply in mid-May, with cash trade near $1.10 per pound against feeder break-evens of $1.15 to $1.30. Feeders say the drop harmed their operations, and some blame concentrated meatpackers for timing market declines.
A sharp fall in fed cattle prices squeezes feedlot margins and can reduce feeder cattle demand, while allegations of packer manipulation could draw regulatory scrutiny.
thefencepost.comCarrie StadheimJun 13, 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.
