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Fed cattle prices have fallen 19% from their spring high, and feeders hope the market has bottomed. Margins are tightening because higher feeder cattle purchase prices are colliding with lower fed cattle prices.
Feeders will struggle if fed prices do not turn higher, which could reduce demand for feeder cattle. The price decline keeps live cattle under pressure.
tscra.orgWritten by: kristinAug 1, 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.
