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More meat and more corn

2016-02-27 03:14:00| Beef

Feeder cattle prices in 2016 will likely be less than those in 2014 and 2015, but returns for cow calf operators should be sufficient to support continued herd expansion, explained Shayle Shagam, livestock analyst with USDAs World Agricultural Outlook Board, during the annual Agricultural Outlook Forum. USDA projects the 5-Area fed steer price for this year at $133-$142 per cwt, compared to last years average of $148.12. Feeder steer prices are forecast to average $176-$185 per cwt, down from the record prices of almost $203 in 2014 and 2015. read more

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