Farmers get more for animals, but are paying more, too.
Cattle farmers are getting more for their animals than one year ago — as much as 27% more for 600 to 700 lb. feeder steers, according to data kept by the Virginia Department of Agriculture and Consumer Services.
That sounds like great news for cattle farmers, but it's not that simple.
"I'm hoping they go up even more so I can make a little headway," says Eddie Moyer of Highland County, who auctioned off 13 beef calves recently at the Staunton Union Stock Yards. "Corn is so high now. Fuel went up, too. I thought cattle prices would be even higher actually."
Corn prices are up more than 35% this year, gasoline prices are up nearly as much.