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Peel advises stocker producers to weigh purchase weight, grazing length and sale weight, since stocker margins will be squeezed unless feed grain prices rise significantly. He says feeder prices in the past month have adjusted to lower feedlot cost of gain after lagging through late 2016.
The shift favors lighter cattle being turned over faster.
Low feed grain prices are pushing the feeder market toward lighter-weight placements, which affects demand for feeder cattle by weight. Sustained low corn prices keep feedlot cost of gain low.
beefmagazine.comWes IshmaelMar 11, 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.
