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The Livestock Marketing Information Center estimates that cattle feeding returns in the Southern Plains were the best for any consecutive five-month period on record from January to May 2017. May's per-steer return was over $270 above a year earlier.
Lower feeder cattle costs and modest feed costs drove the gains, and fed steer prices stayed strong.
Strong feeding margins encourage feedlots to keep placing and marketing cattle, which supports demand for feeder cattle. Lower feeder prices and modest feed costs are the key drivers.
northernag.netbyJun 19, 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.
