The price of Feeder Cattle has seen a remarkable increase of 23.07 USd/Lbs, translating to a substantial 10.34% rise since the start of 2024. This surge is reflected in trading activity on a contract for difference (CFD), which tracks the benchmark market for this commodity. Historically, Feeder Cattle reached its all-time high of 268.25 USd/Lbs in Stember 2023.
Looking ahead, analysts expect Feeder Cattle prices to stabilize at around 237.06 USd/Lbs by the end of the current quarter, according to insights from global macro models. Furthermore, projections indicate that prices may slightly decline to 227.25 USd/Lbs within the next 12 months, reflecting ongoing market trends and agricultural dynamics.