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A new GAO report found that increased packer concentration had little overall effect on cattle prices from 2013 to 2016, pointing instead to drought and feed costs. Fed cattle prices fell about 40% from late 2014 through 2016, and the GAO urged USDA to improve price transparency.
The findings point to drought and feed costs as the main price drivers, which matters for feeders watching how weather and feed prices shape cattle values.
dtnpf.comTodd NeeleyApr 16, 2018After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
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.
