Feeder and fed cattle prices are currently at roughly the same levels as in late 2013. In the intervening 26 or so months, cattle markets have been on a rollercoaster that took cattle prices higher, faster than ever imagined, followed by a sharp correction in late 2015 that was more abrupt and severe than anyone could anticipate. This has left cattle producers cautious and somewhat hesitant about what to expect going forward. One of the challenges through this period has been the fact that many of the cattle and meat market indicators, patterns and relationships have behaved very unusually leaving producers and analysts at a loss to understand and anticipate market movements.

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