As many may have noticed, cost of vitamins A and E have increased over the past few months, and subsequently, mineral supplements that include vitamins A and E.
While some producers have plentiful hay, rain during and after cutting may have resulted in reduced forage quality due to mold, leaf loss, shatter and nutrient leaching.
Every cowboy from Ames to Amarillo was convinced the cattle market is headed higher, but packers held out on raising bids until late Friday.
Updated information from USDA
The march toward break even for cattle feeders stumbled last week as average losses increased $36 per head, leaving closeouts $113 in the red, according to the Sterling Beef Profit Tracker.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Until the market gains some consistency with what is happening in the country then the futures market is about as risky as playing croquet in the alligator pit.