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A Beef Magazine analysis reviews May's cattle market, in which fed cattle fell about $15 per cwt in three weeks while the June live cattle contract closed flat near $105. The author sees August and October contracts near $104 and $106 and expects downside risk given large cattle on feed.
Heavy cattle numbers on feed point to limited upside and continued pressure on fed cattle prices through summer. Feed buyers should expect soft finished-cattle values and weak forward pricing.
beefmagazine.comNevil SpeerJun 7, 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.
