Wheat carry also trimmed vs. March
A CME futures market rally leads cash cattle $14 higher over the past two weeks.
Fall calf prices show no sign of slowing down.
Bigger and bigger cows may not be the best option.
News that U.S. beef and cattle prices hit record high prices early in the new year is a good sign for producers and even some consumers.
Record-high cash fed cattle prices helped boost cattle feeding margins over $280 per head last week.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
USDA June 30 Report, Corn Acreage