Momentary impacts were seen in the feeder cattle markets due to weather in the Northern Plains and the cancelation of some weekly sales. Bagley Livestock Exchange co-owner Billy Bushelle says “the general market has been very strong though.” It may take a long time to rebuild the cattle herd. Bushelle believes farming areas may be the slowest areas to rebuild. With high feed and input costs, more farmers may choose to focus on crops or simply backgrounding cattle. For those that stay in the business, Bushelle predicts “there’s going to be a lot longer profitable side to it than most cycles we’ve seen in the past.” The full interview with Billy Bushelle is available here.
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