The futures markets for live and feeder cattle have not been overly volatile and the forward-looking volatility remains low.
Cowboys and packers finished 2016 on a high note, maintaining per head profits north of $100 for the week ended Dec. 30.
Less beef production but prices should continue to rise, according to USDA.
Native bluestem pasture in Kansas has fallen in price the last two years for many producers renting grass, but the rates are still significantly higher than six years ago.
Under Treasury Regulation 1.451-6(a)(2), crop producers who typically don’t sell—and claim income—from their crops until the year after production typically can also wait to declare crop insurance indemnity payments.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Beef packers raised their bids and their profits last week.