The story in the finished cattle market continues to be the strong basis where live cash prices are trading $5 to $6 higher than June live cattle futures.
The strong futures market during March and April ramped up calf prices and now the owners of those cattle have been watching potential profitability dissipate into mounting losses.
In hindsight, selling every head of cattle a person owned in 2014 and then buying back animals in late 2015 would have resulted in windfall gains for most commercial cattle producers.
Cow-calf producers are constantly bombarded with decisions and challenges as it relates to herd health, nutrition, retaining versus purchasing heifers, sire selection, timing of marketing and the list could continue.