# Cost Pressures | Ohio BEEF Cattle Letter

> The Economic Research Service projected lower farm-sector returns for 2024, with cattle returns falling as lower traded volume offsets higher prices. Feeder animal costs and interest expense are expected to stay high. The article also notes that grazing fees rose in several states in 2023 after high corn and hay prices.

- Date: 2024-02-14 · published 2024-02-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31821-cost-pressures-ohio-beef-cattle-letter
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher feeder costs and interest expense squeeze cattle feeding margins, which can slow placements and reduce demand for feed. Lower corn and hay prices would ease these pressures on cattle producers.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-22 | [Turning the Page on a Year of Transition \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/43743-turning-the-page-on-a-year-of-transition-ohio-beef-cattle-letter.md) | +0.7% | +3.5% |
| CORN | 2022-01-24 | [Optimism, higher cattle prices to start 2022](https://feedsoft.ai/events/43088-optimism-higher-cattle-prices-to-start-2022.md) | +1.9% | +6.8% |
| CORN | 2024-11-22 | [International corn market pressured by strong dollar](https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar.md) | -2.0% | +2.8% |
| CORN | 2026-03-27 | [Mexican peso slides past 18 as Iran war pressures mount](https://feedsoft.ai/events/20378-mexican-peso-slides-past-18-as-iran-war-pressures-mount.md) | -2.9% | -1.9% |
| CORN | 2026-08-01 | [Economist sees growing risk for tighter feeder cattle margins in 2027](https://feedsoft.ai/events/18480-economist-sees-growing-risk-for-tighter-feeder-cattle-margins-in-2027.md) | -0.6% | +10.8% |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2024/02/14/cost-pressures/

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