Cattle Feeders Looking at Risk Management Options Into Summer

Cattle feeders continue pushing the pencil hard looking at risk management options out into summer. Cattle and feeder cattle futures outperformed our expectations last week but are seeing that pullback that we expected and after contract highs we’re now keeping an eye on recent lows that are very important to hold for cattle feeders and their hedging replacements.

August live cattle recent low $205.32 back on May 15th. August feeder cattle recent low $293.05 on May 27th. We’ll get a good test of the market here next week.

Superior Livestock annual Corn Belt Classic they’re combining the tall grass classic for this sale bringing in cattle from the Kansas Thin Hills looking at over 100,000 head offered next Tuesday and Wednesday.

This is the Bottom Line Report, and wishing you a profitable day.

Mark Oppold reporting on the Southeast AgNet.