The cattle futures market looks bright.
Bull price is one of the factors that can potentially alter breeding costs.
USDA's cattle on feed report counted 11.83 million head on feed, which is 101.2% of last year and up 4.8% from October as feedlot inventories increase to a seasonal peak.
The cash-led bull market continues, with both fed cattle and feeder cattle posting sharp gains. Live cattle and feeder cattle futures also recorded advances, but still trail cash bids.
While some pairs were reunited, unfortunately, other calves were not claimed and now cattlemen are dealing with the challenge of managing orphaned calves through the rest of the spring and summer.
Citing restrictions on gathering sizes due to the COVID-19 pandemic, the show will move from February to August.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
The feeder cattle market is on the rise while exports continue to hold strong.