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CattleFax senior analyst Kevin Good says cattle leaving feedlots are profitable and deferred live cattle futures trade at a notable discount. He forecasts feeder cattle averaging about $130 per cwt for a 750-pound animal and about $150 for 550-pound steer calves.
He describes the outlook as guardedly optimistic.
Feedlot profitability and discounted deferred futures suggest room for cattle prices to firm as supply tightens. Improving feeder economics also signal better prices for cow-calf producers.
aginfo.netMar 10, 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.
