My View From The Country

Cattle Market Finally Takes A Breather

The only major question in the marketplace doesn’t seem to be about significant downside risk, but rather how much upside still remains.

After last week’s record fed prices and new highs on the futures market, the futures market sharply declined this week, bringing fed cattle prices along with it. Profit taking, as well as concerns over gas prices, plus good old market psychology, led to the first major downward price break we’ve seen in quite a while.

Overall, the market fundamentals continue to look very good. And, while there are significant numbers to work through in March, fed-cattle numbers will continue to tighten after March. In fact, feeder cattle and calves available for placement are expected to be tighter than anything we’ve seen in more than 50 years!

While gas prices and the overall economy remain concerns, the only major question in the marketplace doesn’t seem to be about significant downside risk, but rather how much upside still remains.

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What's My View From The Country?

As a fulltime rancher, opinion contribur Troy Marshall brings a unique perspective on how consumer and political trends affect livestock production.

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Troy Marshall

Troy Marshall is a multi-generational rancher who grew up in Wheatland, WY, and obtained an Equine Science/Animal Science degree from Colorado State University where he competed on both the livestock...

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