Mike Pearson tells listeners what the USDA had to report when it came to the January cattle report released Friday.
It has been a rollercoaster ride over the past two years for cattle producers. The drought in the south and Great Plains have caused cattlemen and women to keep tight reins on their herds. Producers had record prices over the summer but the prices pulled back this fall.
However, analysts called this month’s cattle report a “neutral report.”
And traders were right with 11.93 million cattle reported on feed in the report.
That’s 102 percent of the number year ago on feed– which is…
