Not only was a record high price set but it blew the previous record out of the water.
Now is the time to consider rebuilding the herd, but holding onto cows could be risky.
U.S. feedlots with more than 500 cattle on feed increased in numbers 12% during the five year period between 2012 and 2017, according to the 2017 Census of Agriculture.
Cash-traded feeder pig reported volume was below average this past week, with 4,800 head reported. Cash feeder pig reported prices were $97.36, down $2.81 per head from last week.
January pork and beef trade data are illustrative the opportunities & challenges ahead.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Feedyard margins remained about $150 per head last week despite a $6 per cwt. retreat in cash cattle prices.
Acceptable substitute supplementation for distillers grains depends on the class of livestock fed, the basal diet available, and the desired performance.