aginfo
Junior Member
- Messages
- 692
Next fall, western Canadian feeder cattle prices could be $10-$15/cwt above current levels. August 2012 feeder cattle futures touched record highs of $150/cwt as the market is anticipating lower available supplies. December 2012 live cattle futures also reached all-time highs over $130/cwt; the market is factoring in a risk premium due to the uncertainty in beef production in the fourth quarter of 2012.