With the latest grain stocks report showing 50 million fewer bushels of corn in the bin, this could have an impact of the cost of feeding cattle. Oklahoma State University Extension livestock market economist Dr. Darrell Peel says tighter corn supplies are pushing corn prices over $5 per bushel, heading towards $6, and the cost of gain for feedlot cattle is on the rise.
Peel says this most likely will change the feeder cattle market.
Peel says that market change though, will take time.
That’s Oklahoma State University Extension Livestock market economist Dr. Darrell Peel.