Cattle feeders were hopeful that last week was the bottom of the decline in cash cattle prices, but a negative corn report helped prices even lower.
High priced corn and high priced feeder cattle are making positive break-evens impossible for feeders.
As commodities skyrocket, you have to wonder how much feeder cattle placements are really worth.
Over the next few weeks patience and a calm trigger finger could be profitable to the cattle feeder as the supply of market-ready cattle declines.
Livestock producers might get a reprieve in feed costs if the upcoming USDA report corroborates what many expect.
Cattle futures saw their biggest drop in 34 years at the end of 2015.
On a harsh winter day in 2018, Robbie Polk chanced upon a dinosaur suspended in ice.
February through August live cattle futures show strong upward trends with resistance planes repeatedly broken and the trend holding when tested.