The fall run of calves is underway for the Great Plains and mountain states. Price reporting for feeder cattle and calves are rather thin – especially in Colorado – through the summers and the past three weeks have revealed more substantial numbers of transactions. A counter seasonal rally in feeders occurred from May through August but the recent $1 plus per bushel increase in the harvest corn contract price has stopped this.
It will be interesting to talk to producers and lenders during the rest of the year regarding LRP strategy. The story about insurance purchased in the…
