http://www.agcenter.com/newcattlereport.aspx.....it’s worth looking at from time to time....great to see the sector talk about packers and retailers
Some speculation at present that cattle on feed numbers as of a few months ago could have been overestimated...also cold weather may eventually reduce carcass weights ( that’s my call..haven’t read on this site yet but that flows from many years observing futures markets) . Interesting though that feeder steers that seemed too dear a few months ago seemed to lead the fat prices...recently feeder steers have been dropping!!
I lean toward a bit of a pickup in prices there though
http://www.agcenter.com/newcattlereport.aspx.....it’s worth...
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$1.38 |
Change
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Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.37 | $290.7K | 209.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82812 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2730 | 1 |
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