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Jerry Klassen reviews the feeder cattle market, which had been bearish in winter before trading sharply higher since early April. He explains that cash cattle had traded above futures, prompting aggressive feedlot marketings.
He argues the market must be traded looking forward and outlines expectations for fall 2017.
A sharp spring feeder rally followed by expected seasonal softness affects feeder cattle buying costs and fall placement decisions. The outlook is largely neutral and depends on fed cattle supply.
canadiancattlemen.caJerry KlassenJun 14, 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.
