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Kentucky extension economist Kenny Burdine said high grain prices have pushed feed cost per pound of gain above $1.35, compared with about $0.79 in 2016 to 2020. CME corn futures are trading in the mid-$6 range through next summer, and calf markets typically bottom in fall as feed costs rise.
High feed costs favor heavier placements and cap light calf values, so calf prices stay below normal levels while corn remains expensive.
u.osu.eduSmith atDec 14, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
