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A cattle-market outlook says prices have been reasonably strong this spring on 19% higher beef exports year to date, but March was brutal for live and feeder cattle futures. Cattle on feed on March 1 were 10% above February 1, and 28% of the U.S. cow herd was under some drought conditions.
Heavier feedlot supplies and drought-driven early marketing point to weaker cattle prices by fall, which lowers demand for feed going into the feedlot phase.
beefmagazine.comHarlan Hughes 2Apr 23, 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.
