Weather continues to have an influence on the cattle market as adverse weather like the most recent “bomb cyclone” to hit the Midwest slow the rate that some fed cattle are finished. Rain and snow throughout much of the cattle feeding region of the U.S. during the winter and start of spring have pushed down the weight of fed cattle exiting feedlots.
Ted Seifried, chief market strategist and vice president of Zaner Ag Hedge, believes that lower out weights on cattle should probably be expected, resulting in a lower beef supply and inversely higher prices in the short term. The state of the hog market is something else Seifried says cattle producers should watch.
“Longer term, once we get the weather out of the way this is sort of the season timeframe where we could see cattle roll over to the downside,” Seifried cautions.
California Cattlemen Approve $1 Per Head Funding For Cattle Council
California’s Cattle Council will soon begin funding programs designed to help consumers understand the positive role cattle and beef production play in the environment, and other issues.
For more on Seifried’s thoughts about the cattle market and what is happening with the new California Cattle Council watch the video above from AgDay.
