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Standard Grain's Joe Vaclavik expects cash cattle to stay tight for two weeks, then supply to loosen into summer as the larger cattle herd comes to market. The futures market is pricing in much lower prices by June through August, though he notes prices have recovered from similar warnings before.
Cattle on feed up 8% year over year, aided by cheap feed, points to weaker summer cattle prices and softer demand for feed grains from feedlots.
lakeviewgrainsllc.comMar 22, 2018Not enough comparable past events yet for a historical read.
Not 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.
