Did positive trade of corn play a factor in the cattle market? Cash going to stay higher? What about boxes? Cattle market saw a huge Saturday kill. So 4 of the 6 weeks since the fire we have had big kill numbers. Are we still current? Is there supply we are getting behind on? Producers becoming stubborn sellers…how does the market look going forward. H&P was the best but moving higher.
Big adjust on the corn is increased feed usage. Should not come as a surprise…winter weather, increased cattle & hogs. What if the crop sees lower numbers & harvested acres is less then predicted? Change of last year’s soybean crop by a bushel/acre