We have all noticed that input prices have increased substantially over the last year. Fertilizer, feed, and fuel have given us sticker shock, but in reality, prices for all necessities have increased with herbicides, seed, parts, tires, equipment and trailers all going up.
Based on current Feeder Cattle futures prices in October (currently trading at $180/cwt), 550-pound steers could be selling right at $200/cwt (based on a $10/cwt slide) this fall. Now is not the time to stop spending money on inputs, but we need to be…
