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Southern Plains slaughter steer prices averaged about $120 per cwt in 2016, nearly 20% below 2015, after peaking in 2014. Most cattle feeding programs were unprofitable again in 2016, with losses exceeding $100 per head on average.
Losses and low cattle prices are leading to reduced feedlot placements and pressure on cattle feeders, which lowers demand for feed grains over time. Cattle supply is expected to rebuild, keeping prices under pressure.
ag.purdue.eduSarah E Zahn, Morgan FrenchDec 12, 2016Not enough comparable past events yet for a historical read.
Not 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.
