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Calf and feeder cattle prices in 2017 swung sharply, falling about 27% in January before recovering to late-2017 levels more than 20% above a year earlier. Annual averages for 2017 were slightly below 2016 levels.
Large year-to-year price swings raise hedging costs and uncertainty for feedlots, which shapes how many cattle are placed and how much feed they consume in 2018.
ag.purdue.eduSarah E ZahnDec 20, 2017Not 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.
