Loading…
Oklahoma State extension economist Derrell Peel suggested cow-calf producers consider extending ownership of spring calves because higher corn prices add value to forage and gain. USDA's June WASDE cut the corn yield to 166 bushels per acre and raised the season-average corn price 50 cents to $3.80 per bushel.
Higher projected corn prices and a smaller USDA crop estimate support feed costs and reinforce the case for holding calves longer rather than selling them at weaning.
beefmagazine.comWes IshmaelJun 28, 2019After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 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.
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.
