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Fed and feeder cattle cash prices have been strong this fall, surprising much of the industry, and futures hit new contract highs in early November. Calf prices are reported $20 to $50/cwt higher than a year earlier.
Analysts cite fund positioning and stock market strength as possible drivers.
Sustained strength in cash and feeder markets lifts feeding costs and supports higher cattle prices into 2018, though high feeder values squeeze feedlot margins.
agweek.comMichelle Rook, Special to AgweekNov 13, 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.
