Despite spring being the typical high point for calf prices, recent trend of lower-than-normal prices is set to continue. The COVID-19 pandemic took the steam out of 2020 while also impacting 2021 along with higher grain prices. This year, implications from the war in Ukraine are impacting the market significantly. Rising feed costs and fuel prices are impacting cattle prices currently, and while markets generally improved last week, volatility will likely remain as event overseas unfold.
The fundamentals this spring are far better than the last two years, however, with the feeder cattle and calf markets are up 13 -14% on average from a year ago. That said, the ever-changing livestock market has producers feeling in limbo.
ProAg is proud to offer livestock coverage that helps bring stability to livestock market volatilty. Livestock Risk Protection (LRP) protects against declining market prices.
Contact us or your trusted ProAg agent for more information.
Read more on cattle and calf markets here.