# Prospective Plantings, Feed Prices and Implications for Feeder Cattle Markets | Ohio BEEF Cattle Letter

> Kenny Burdine of the University of Kentucky discusses how feed prices affect feeder cattle values, using the US average corn price trend from 2020 to early 2024. He notes corn prices peaked above $7 per bushel in 2022 before falling significantly through 2023. He ties the outlook to USDA's Prospective Plantings report.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30876-prospective-plantings-feed-prices-and-implications-for-feeder-cattle-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Feed cost is the largest component of finishing costs, so lower corn prices support feeder cattle values and the outlook for feed demand.

## Read by commodity

- CORN: neutral
- FCATTLE: neutral

## Sources

- u.osu.edu: https://u.osu.edu/beef/2024/04/03/prospective-plantings-feed-prices-and-implications-for-feeder-cattle-markets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.