National Farmers issued the following announcement on Dec. 2.
1st quarter top may be near $128-130/cwt. 2nd and 3rd quarter cattle may be at hedging levels.
— Winter storms helped support cattle futures last week.
— Steer weights are on the rise, 912 lbs last week vs 908 lbs the prior week, 900 lbs the 5-year average.
— Seasonals are negative until December 11th
Contact us for risk management and cattle marketing assistance at 419-953-0456.
Original source can be found here.
Source: National Farmers
