Cattle prices have been on a strong ride in 2023. Many producers will be selling spring-born calves in the coming months and are likely to be much happier with the revenue earned than they were when selling calves during the past few years. Feeder cattle prices in the Southeast are up roughly 40-50% above year-ago levels and current expectations are for that strength to continue into 2024.
The chart above shows futures contract quotes for all of the currently traded CME contracts. Futures contracts are standardized, and each contract terminates on the last Thursday of the contract…
