BUDGETS: cow calf, backgrounding, summer grazing
LMIC: Analysis and Comments, In the Cattle Market, Livestock Monitor
MARKET REPORTS: area market reports
PRESENTATIONS: meeting presentations
LEASE PUBLICATIONS - farm and ranch
Chart of the Week
How high can feeder cattle prices go? The answer to that is easily answered by another question. How low can corn prices go which is not so easy to answer. Feeder cattle futures prices are at both life of contract and record high levels. Correspondingly, corn futures prices are at life of contract lows. The opposite relationship between feeder cattle prices and corn prices is evident. A rule of thumb often used is "for every 10 cent/bushel change in corn prices, change fall calf prices $1/hundredweight in the opposite direction." Declining corn prices are resulting from the prospects for a record high over 14B bushel corn crop. Feeder cattle supplies outside feedlots are at the lowest levels for many years.