Current breakeven and fed cattle price projections suggest that the long period of red ink stretching back to early 2018 is coming to an end, according to a market analysis by Michael Langemeier at Purdue University.
Breakeven prices in the first six months of 2020 are expected to range from $119 to $122 per hundred weight, with the highest breakeven prices expected to occur in March and April.
Given current fed cattle price...
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