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The August 2017 Feeder Cattle futures contract rose $7.66/cwt. during November. The article presents a breakeven and price objective calculation for a 750-pound feeder steer based on that futures level.
Higher deferred feeder futures improve expected returns for cattle feeders, but the article is an extension-style budget analysis rather than a new supply or demand shock.
nwdistrict.ifas.ufl.eduChris PrevattDec 16, 2016Not 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.
