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Feedlot closeout returns turned positive in January 2017 for the first time in several months, with January's profit the largest since summer 2014. LMIC noted red ink in every month of late 2016 and that only two months since January 2015 were profitable.
Improved feedlot margins may encourage restocking, but cautious feeder bidding and low breakeven prices suggest limited upside for feeder cattle prices.
feedstuffs.comFeb 13, 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.
