LIVESTOCK MARKETS: Many factors affecting beef market

Cattle on Feed report very close to expectations.

Oklahoma State University Extension livestock marketing specialist Derrell Peel said a wide variety of internal and external factors are impacting beef and cattle price levels and volatility.

“Beef production is at a seasonal peak in June with weekly beef production since late May estimated to be nearly 7% above year ago levels,” he said. “Fed cattle prices have dropped and could be near an early seasonal low with feedlots ahead of schedule for summer marketings.”

Year-ove

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