– Dr. Kenny Burdine, Livestock Marketing Specialist, University of Kentucky
The cattle markets continue to be at higher levels than I would have projected this time last year given production levels for all major meats. A lot of large groups of 800-900 lb steers are still moving in the $150’s. Exports have remained strong and I also think the overall strength of the US economy has encouraged solid beef movement. Heavy feeders moving now, are still being sold based on strong spring CME© Live Cattle futures prices, but as is always the case, there is a sizeable drop from April to June. I don’t expect heavy feeders to hold at these levels as we move towards the end of the year and the summer live cattle contracts become the driver.
Calf markets have also held pretty well through the first part of fall. Some of this is due to a Continue reading Kentucky Beef Cattle Market Update