Building relationships on both sides of the trade are what drive Young Cattle Company’s expansion and success. Rick & Jayne Young are the 2014 BEEF Stocker Award Winner. The award is sponsored by Zoetis.
Yearling feeder cattle traded fully steady to $3 higher. Calves traded unevenly steady from $5 lower to $5 higher. “The biggest losses on calves were for those weighing over 500 lbs. in most cases, with gains more prevalent on lighter-weight calves under 500 lbs. in the Southeast,” say analysts with the Agricultural Marketing Service.
Despite continued volatility, cattle futures gained some ground as cash calf and feeder cattle values continued to strengthen. Yearling feeders sold fully steady to $5/cwt. higher, while calves traded mainly steady to $5 higher.
With projected ending U.S. corn stocks higher than at any time since 2004-2005, the monthly World Agriculture Supply and Demand Estimates released this week knocked back the projected season-average price a smooth 40¢/bu. at the mid-point to $3.20-$3.80/bu.