The market is still trying to figure out the ultimate long-run effect of the beta-agonist Zilmax™ being pulled off the U.S. and Canada market by its manufacturer Merck Animal Health. That question will only be appropriately answered over time.
A multitude of factors drive the price that producers receive for feeder cattle on any given day. Some of the more important drivers include deferred fed cattle futures, the price of corn, and forage availability. However, location is also a key factor.