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A LACO Commodity Research note says beef by-product values, mainly hides, have risen more than $20/cwt over the past 18 months. The commentary argues this has lifted live cattle prices roughly $10/cwt above levels historical edible beef supply and demand would imply.
Stronger by-product values add to packer carcass returns and support live cattle prices, which affects cattle feeding economics and feed demand.
lacocommodities.comDavid TedrowNov 16, 2021Not 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.
