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The fed cattle market was flat the week ending March 25, 2022, with cash near $139/cwt. Choice boxed beef fell from a January peak of $284 to a March low of $255 before recovering, and cattle feeders are selling finished cattle as high corn prices raise ration costs.
Expensive corn is pushing feeders to market cattle sooner, adding supply, while spring demand gradually firms cutout values.
cabcattle.comPaul DykstraMar 31, 2022Not 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.
