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The beef complex has rallied about $30/cwt over five weeks, a larger move than normal according to CattleFax. Feedyards are earning $100 to $150 per head, and the article questions whether the rally can hold as calf prices for 2017 remain uncertain.
Strong cash cattle and wide live cattle basis are pulling cattle forward, which keeps carcass weights down but could reverse as seasonal spring highs pass.
northernag.netbyMar 23, 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.
