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Minnesota feeder council chairman Grant Binford says price concerns are making producers hesitant to send cattle to slaughter after a string of unprofitable months. The latest Cattle on Feed report showed Minnesota slaughter inventory down 3% from April, while national inventory was up 2%.
Producer reluctance to market cattle tightens near-term fed supply, which can support prices, but the national cattle-on-feed increase points to more supply later in the year.
brownfieldagnews.comMark DorenkampMay 31, 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.
