Blog Post

History lessons sharpen market insights

“Boom!” That is what the local sports broadcaster yells when one of the players from our local high school teams drains a three-pointer. Some teams even have a 3-point salute when one of their teammates makes a three. Some cattle auctions hit their own “boomer” this week, with three -weight steers.

I remember back in 2014 the price of feeders was going up every week. I recall standing in the top row at one sale when I saw $3 steers for the first time. They weighed just over 300-pounds and even though we had not seen $3 calves yet they blew right past that and the gavel dropped at…

Click to check the original article.