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Oklahoma State extension economist Derrell Peel describes a bearish psychology and volatile live and feeder cattle futures that have driven cash markets down sharply. Producers are holding back calves and some lenders and producers are paralyzed by fear of further declines.
Producers withholding calves reduces near-term feeder supply, while fear-driven selling and volatility weigh on feeder and fed cattle prices and raise hedging costs for feed buyers.
beefmagazine.comNov 1, 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.
