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LMIC estimates fed cattle breakeven prices in the $120s per cwt for the rest of 2017, implying projected feedlot losses. Steers placed in August or September are expected to breakeven at $118-$121 per cwt.
Feedlot losses limit how high feeder prices can rise, as feeders have already priced in expected profit, suggesting little additional upside in cash feeder cattle.
beefmagazine.comBurt RutherfordSep 25, 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.
