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August WASDE feeds the bears on crop markets, could it also feed the bulls (and steers) this fall?
Another summer of grazing has passed at the Bechtel Ranch.
South Dakota feedlots with capacities of 1,000 or more animals reported 220,000 cattle on feed on Aug. 1, up 5 percent from last year.
USDA’s August Cattle on Feed report said July marketings were down 0.7%, July placements up 1.6%, and the number of cattle on feed up 1.6% at the start of August.
The August WASDE predicts this fall will bring our first 15 billion bushel corn harvest and the first 4 billion bushel soybean harvest. This is good news for feeder cattle prices.
Drovers is proud to be hosting Cowboy College on Sept. 7-8, in Dodge City, Kan. The two day meeting will offer an educational opportunity designed specifically for feedlot crews.