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Oklahoma State economist Derrell Peel says cattle markets are finally showing support, with feeder cattle, fed cattle and boxed beef all recovering. He expects the market to improve after a bearish fall driven largely by fear.
A stabilizing cattle complex supports feeder cattle values and suggests reduced downside risk for buyers, though the market remains starting from lower levels than expected.
iowaagribusinessradionetwork.comStaff EditorNov 10, 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.
