Cattle on Feed – & Economic value – 06/27/2020

Published by David Tedrow on

We estimate cattle on feed July 1 down about 2% from the previous year.

The first scatter study plots third quarter beef production as a function of the number of cattle on feed July 1.

Our second scatter plots the third quarter  average Midwest steer price as a function of the domestic beef supply per person  in the July/September period.

 

Note  August 2020 live cattle  are trading well below the regression line which suggests significant upside potential. 

 

 

 

 

 

 

 

 

 

Categories: Livestock

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