# Calf Price Rally and a Crop Production Report | Ohio BEEF Cattle Letter

> Southern Plains 500-600 lb steer prices rose from about $148 in January to over $165 by late March, following spring seasonality and a fed cattle rally. USDA's prospective plantings report showed corn at 89.99 million acres, down about 4 million, and soybeans at 89.5 million acres, up 6 million.

- Date: 2017-04-05 · published 2017-04-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/71636-calf-price-rally-and-a-crop-production-report-ohio-beef-cattle-letter
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The shift toward soybean planting and lower corn acreage tightens the corn outlook relative to soybeans, while strong calf prices reflect supply-driven seasonal tightness.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- FCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-04-11 | [Crop Planting Report and Feeder Price Decline \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/65646-crop-planting-report-and-feeder-price-decline-ohio-beef-cattle-letter.md) | -0.7% | +3.1% |
| CORN | 2020-10-28 | [Cattle on Feed Grows Again \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/50777-cattle-on-feed-grows-again-ohio-beef-cattle-letter.md) | -2.9% | +7.1% |
| CORN | 2023-01-13 | [2022 Final Crop Production Report](https://feedsoft.ai/events/13306-2022-final-crop-production-report.md) | +0.4% | +0.2% |
| CORN | 2023-04-11 | [USDA April Crop Production, WASDE Reports Feature Only a Few Changes](https://feedsoft.ai/events/36340-usda-april-crop-production-wasde-reports-feature-only-a-few-changes.md) | +0.4% | +0.2% |
| CORN | 2019-07-10 | [Finding a Bottom Through Grains and Holiday Meat Demand \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/58219-finding-a-bottom-through-grains-and-holiday-meat-demand-ohio-beef-cattle-letter.md) | +0.4% | -5.9% |
| SOY | 2022-11-09 | [November USDA Report Increases Corn and Soybean Production](https://feedsoft.ai/events/38642-november-usda-report-increases-corn-and-soybean-production.md) | +0.9% | +1.9% |
| SOY | 2017-06-09 | [FAO/GIEWS quarterly report ‘Crop Prospects and Food Situation’](https://feedsoft.ai/events/70409-fao-giews-quarterly-report-crop-prospects-and-food-situation.md) | -0.3% | +6.2% |
| SOY | 2023-03-22 | [Land of Lincoln leads in crop production, yield](https://feedsoft.ai/events/13294-land-of-lincoln-leads-in-crop-production-yield.md) | +0.1% | +2.7% |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2017/04/05/calf-price-rally-and-a-crop-production-report/

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