– Dr. Kenny Burdine, Livestock Marketing Specialist, University of Kentucky
Summer is here and feeder cattle markets keep rolling. At the time of this writing (June 13, 2017), CME© August Feeder Cattle Futures were right around $150 with fall contracts in the mid-upper $140’s. While CME© Feeder cattle futures have pulled back a little in early June, the local cash markets have hardly missed a beat. The market improvement that has been seen since last fall has been quite impressive and probably has not gotten the attention it deserved because of how sharply prices dropped from spring to fall of 2016.
As always, there is a pretty long list of factors impacting our feeder cattle markets. While fed cattle prices have been volatile, they have Continue reading Kentucky Beef Cattle Market Update