Loading…
Feeder cattle prices moved sharply through early January, falling about $6 per cwt in the second week before rebounding. Cattle are moving early and at lighter weights because of dry conditions, with pastures lacking moisture.
The writer said some markets seem driven by funds rather than fundamentals.
Dry pasture conditions push cattle to market early at lighter weights, adding supply and volatility to feeder prices.
hpj.comHPJ StaffJan 29, 2018After 21 past neutral weather events, FCATTLE moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), and -0.2% 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.
