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Brad Kooima with Kooima Kooima Varilek says he was concerned the trade might view a slightly bearish Cattle on Feed report placement number as a reason to sell but the market was more focused on the higher cash trade Friday.
Limit-feeding corn grain can be economically advantageous when the price of hay becomes too high due to short supply.
Bipartisan support of act offers long-overdue relief to cattle producers.
Brad Kooima discusses the drivers behind current cattle market volatility and how supply shortages are shaping packer strategies.
“There is increasing concentration by leading landowners in that asset class. Number 100 in 2007 was 75,000 acres. Now it’s 170,000 acres,” says Eric O’Keefe, editor of The Land Report.
Live and feeder cattle futures were weaker to start Friday as the market was seeing some profit taking and caution ahead of the USDA Cattle on Feed Report according to Scott Varilek with Kooima Kooima Varilek.