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John Nalivka's commentary projects a cattle market rally into 2023, with the Choice cutout up 13% since early December amid severe winter storms. He compares this with the average 2015-2019 seasonal pattern and forecasts the May 2023 Choice cutout near $282/cwt.
He expects fed cattle numbers to fall significantly by late second quarter 2023.
Expected decline in fed cattle supplies into spring and a rising cutout point to firmer cattle prices and stronger feeder demand for feed buyers.
tsln.comDec 30, 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.
