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Iowa feedlots marketed cattle aggressively in 2016, leaving January 1 feedlot inventories below the prior year. The analysis reports fed cattle prices recovered about 27% from October 2016 lows, and projects losses for July through December 2017 closeouts.
Smaller feedlot inventories tighten first-half 2017 finished cattle supplies, supporting live cattle prices. Projected second-half feeding losses could reduce future feeder cattle demand.
lib.dr.iastate.eduLee SchulzJan 1, 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.
