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Kansas State economist Glynn Tonsor said the cattle herd expansion is continuing at a slower pace and that the industry looks optimistic. He noted that 2017 steer calf prices are above 2016 levels but have eased from April highs to about $166.
A continuing but moderating herd expansion and better-than-average price expectations support steady cattle demand for feed over the next two years.
farmprogress.comAug 29, 2017Not 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.
