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A USDA livestock economist says the profit balance in beef is shifting, with packer margins relatively strong for this time of year. Feedlot margins remain healthy for now, but cow/calf margins are thinning and losses are expected later in the year.
Expected feedlot marketings at lower prices later in the year signal softer cattle prices and reduced cattle demand from feedlots.
brownfieldagnews.comMark DorenkampApr 25, 2018Not 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.
