Mid-summer is typically a lower price window in the cattle market, and this year is no different. What is different, however, versus the last few summers, is the cattle-feeder friendly weather and crop prices building for this fall.
As Shaun Haney and Anne Wasko, of Gateway Livestock, discuss in this latest Beef Market Update, seasonal slow downs in consumption and pricing should start to pick up in a few weeks as cattle come off ample grass supplies. Wasko also notes that favorable corn growing conditions in much of the U.S. should offer much-needed relief to feed costs for the coming winter. Watch the video for more commentary on cattle prices moving forward.
If you cannot see the embedded video, click here.