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Iowa's smaller farmer-feeder cattle operations are marketing fewer cattle in 2018 despite expanding calf crops for three straight years and supportive corn prices. The trend suggests a possible structural change in how cattle feeding is distributed across the state.
A shift away from farmer-feeders could change the timing and regional pattern of cattle marketings and feed demand, which matters for feed buyers in corn-belt feedlots.
farmprogress.comLee SchulzNov 21, 2018After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
