Stocker cattle and calves traded $2-$6/cwt. higher this week, according to the Agricultural Marketing Service (AMS). The full advance was noted in the Southeast as summer grazers try to get stockers assembled and straightened out before turn-out dates arrive.
“Many backgrounders are facing the realization that they are going to run out of money before their pastures are filled, with stocker cattle prices roughly 25% higher than last year,” according to AMS analysts. “Cattle growers may be afforded a rare opportunity to lease pastures in the major grazing areas as grazers start to scale back the number of head they turn out, either due to a lack of capital or a lack of nerve.”
Listen to the Cattle Market Weekly Audio Report every Saturday morning on the BEEF magazine website. This is your report for Saturday, Mar. 15, 2014.
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