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DTN analyst ShayLe Stewart reports April live cattle futures fell $34.62 from early January to March 16, 2020, and feeder cattle fell $38.40 over the same period. Cash cattle prices have also dropped sharply, while boxed beef prices rose to historic highs.
Stewart describes the volatility as unprecedented.
Sharp declines in live and feeder cattle futures and cash prices reduce producer margins and may lead to fewer placements, weakening demand for feed and feed ingredients.
dtnpf.comShayLe StewartMar 23, 2020Not 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.
