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Oklahoma State Extension says feeder and stocker prices have fallen only about 2% since mid-October, against a typical seasonal drop of about 4% from August to October. Heavier feeders are about 8% above August levels, and Oklahoma auction volume is 11% higher year over year.
Strong feedlot demand for yearlings is absorbing larger calf supplies and supporting cattle values, which lifts demand for feed grains used in finishing. The effect on prices is modest.
wlj.netOklahoma State University ExtensionOct 24, 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.
