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An industry commentary dated March 28, 2022 says cattle price expectations for 2022 have been lowered, though prices remain well above spring 2021 levels. It cites feed cost increases, higher fuel prices, transport costs and volatility from the war in Ukraine as pressures on the market.
Higher feed, fuel and freight costs weigh on feeder cattle values and feeding margins, while volatility from the Ukraine war keeps prices unsettled.
theseam.comMar 28, 2022After 10 past bearish geopolitics events, Feeder Cattle moved a median +0.1% over 5 sessions (60% higher; middle half -1.9% to +2.8%), and +0.7% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
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.
