Loading…
Dan Basse of AgResource said rising corn prices push farmers to re-evaluate the lowest-producing 5-10% of their herds, which raises cull rates when corn approaches $5.50/bu spot in Chicago. He said culling has been elevated for the past three to four weeks.
Higher culling reduces the cow herd over time, which can tighten milk supply and support prices in the fourth quarter and early next year. Higher feed costs also reduce farm margins.
1230kfjb.comAshley AndersonMar 30, 2021Not 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.
