Mike Pearson examines the cattle markets in today’s Farm Progress America.
It’s no secret that cattle markets have been hot all summer. Three years of drought have left the USA with 29.4 million cattle—the smallest herd in the record keeping history of 52 years.
However, the supply crunch still has consumers willing to pay for quality beef.
The national feeder index is at 254.41—70 points higher than in 2022.
And when it comes to the fat cattle markets, cattle are garnering $1.83 a pound in the south and $1.85 in the north.
The high prices don’t stop there.
In the futures markets, many…
