Calf prices are lofty compared to 2019-2020. However, the corn prices may be the glass ceiling for the cattle market. “When we look at the price for feeder cattle, we see it may be further away from setting records than the fed cattle are,” said NDSU Livestock Economist Tim Petry. “There’s an old adage that says, ‘change corn price ten cents, change feeder prices a buck in the opposite direction’ so that’s put a lid on the market.” Petry remains optimistic. “With the cow herd going down, I’m looking for higher calf prices even later on.”
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