Cattle prices projected up in 2020

Winter cattle

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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