Herd rebuilding is beginning in the United States, though we are slow to follow suit in Canada thanks to drought. It looks like good prices and moisture are making for solid herd growth, which will likely stem the rise in feeder prices, but hold at some elevated value until the new calves actually enter the system. The time for speculating on higher prices may be past, put your hedges in place.

“The nation’s beef cow herd has started down the path of the largest expansion in 25 years. The last major expansion was from 1990 to 1995 when the herd grew by ten percent.”
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