The trend continues of fewer cattle on feed, borne out by the latest head count from the USDA. There are about 3 percent fewer cattle on feed, but analyst Kevin Good of CattleFax says the striking number is that of cattle put into feedlots during September. They are only 81 percent of what they were a year ago. Some of that decline can be attributed to the fact that there were two fewer marketing days in the month, says Good, but that accounts for only 8 to 10 percent of the decline. During an interview with Brownfield’s John Perkins, Good can predict the effects that fewer cattle have on the market, as well as predicting that higher animal protein prices will show up in the grocery store.
Fewer cattle placed on feed will boost markets
October 22, 2012 By Leave a Comment