What will feeder cattle future prices be like in 2023?

Feeder cattle future prices are forecasted to climb above $200 by autumn of 2023, according to the CME Group. If realized, it will be the highest prices seen for feeder cattle since September 2015. The reason — cattle herds are shrinking.

Where can I trade feeder cattle futures?

You can trade Feeder Cattle futures at Chicago Mercantile Exchange (CME). CME Feeder Cattle futures prices are quoted in dollars and cents per pound and are traded in lot sizes of 50000 pounds (23 metric tons). Consumers and producers of feeder cattle can manage feeder cattle price risk by purchasing and selling feeder cattle futures.

Are feeder cattle futures a good investment?

Trading feeder cattle futures offers portfolio diversification, a hedge against price fluctuations, the opportunity to capitalize on price trends, and leverage for potentially larger profits. However, it’s important to thoroughly research and understand the market and associated risks before trading.