Cattle producers have little reason to be concerned about calf prices declining much more than where they are now.
Demand in 2018 appears to be rounding into form similar to the previous two years with continued strong demand that has supported beef and cattle prices through the entire production chain.
Winter conditions may continue to provide support for cattle prices in the near term, but industry participants should not be surprised if prices falter before the spring market provides support.
The key for cattle feeders will be to continue moving cattle through the system as being current in marketings has been a friend to the cattle feeder throughout 2017.
Commercial beef production in January totaled 2.3 billion pounds which was an increase in production of 295 million pounds compared to January 2018.
Cattle and beef prices continue to rise.
Finished cattle continued trading steady for the fifth consecutive week. Early in this trend, one might say this was beneficial for cattle feeders as they were able to hold packers at bay and keep prices from falling.
Cattle on feed numbers continue to climb.