Cattle profits are tied to lowering winter feed costs and to niche markets
If you sold feeder cattle one month ago when the cattle market reached a year-long peak, you are now wondering if this was the right move as the market has continued upwards since then.
Good decision at the time, don’t look back, keep moving forward to the new information ahead. Economists suggest we learn to recognize a high price when it is offered.
Knowing how today’s price compares historically is one way to do this. Be careful when predicting new records as timing the market can bite even the best.
There are a number of reasons for movement in the cattle market now. Spring is here, grass is growing, cow numbers are at their lowest since 1951 (Sterling Marketing, Inc.) and exports are up, grilling season is at hand and the domestic economy is improving.
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