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Tuesday, May 28, 2019

Falling grain price helping fill feedlots

By Angus Brown  |  Source: MLA, Trade

Last week we took a look at the record numbers of cattle which were residing in feedlots at the end of March. This week we review lotfeeder margins, finding that things have improved markedly for the sector. This has implications for prices of feeder cattle and the supply of fed cattle going forward.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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