Drought Condition In The Midwest Weighing On Feeder Cattle Prices
Wednesday, June 27, 2012 Feeder Cattle futures often trade inversely to Corn futures, as high feed costs weigh on profit margins for livestock producers, lessening the desirability of increasing herd sizes. Given the potentially significant drought we are seeing in the Midwest this year, feed costs may stay high in the coming months, capping potential [...]
Wednesday, June 27, 2012
Feeder Cattle futures often trade inversely to Corn futures, as high feed costs weigh on profit margins for livestock producers, lessening the desirability of increasing herd sizes. Given the potentially significant drought we are seeing in the Midwest this year, feed costs may stay high in the coming months, capping potential rally attempts in nearby Feeder Cattle futures in 2012.
Fundamentals
June has been a tough month for anyone long Feeder Cattle futures, as prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards