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Feeder cattle futures reached nearly $160 intraday in mid-May, up sharply from around $130 in late March. Several sessions saw limit moves as strong beef demand competed with cheaper pork and poultry and profit-taking by long holders increased volatility, with nearby volatility at 28%.
Higher price volatility raises risk for producers and buyers hedging feeder cattle, even though the underlying trend has been upward on strong demand.
u.osu.eduSmith atMay 17, 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.
