With the latest grain stocks report showing 50 million fewer bushels of corn in the bin, this could have an impact on the cost of feeding cattle. Oklahoma State University Extension livestock market economist Darrell Peel says tighter corn supplies are pushing corn prices over $5 per bushel, and heading toward $6. That means grain prices for feedlot cattle are also on the rise.
Peel says this will most likely impact the feeder cattle market.
Oklahoma State extension livestock economist Darrell Peel says that market change could take as long as five months to materialize.