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Texas ranchers are facing lower cattle prices after a rapid herd expansion that followed the drought-driven low of 2014. Growing calf supplies are moving through feedlots into higher beef production.
Rising beef output and weaker cattle markets point to lower feeder and fed cattle prices, reducing feedlot buying power for feed ingredients.
texasfarmbureau.orgNov 22, 2016Not 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.
