When you talk about factors affecting the cattle markets as we head into the feeder run, a number of things emerge. High commodity prices are creating a new normal when it comes to a baseline feeder price. Producers have to get over the initial sticker shock and adjust to the fact that higher feeder prices may be here to stay. Weather is another factor in play affecting both placements in the U.S. and summertime market activity here at home. Volatile markets are having an impact as well as producers and financial institutions struggle to try and mitigate risk.
In this episode of the Beef Market Update, Anne Dunford and I discuss how those factors and others are playing with the markets and what we can expect heading into fall.
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