The tough winter surely has impacted producers that must now fight to get a herd through Spring. They must ask themselves what Feeder Cattle News is expected in the next few months, in order to be prepared and make the best decisions for their business. As it looks, for now, 2023 cattle futures are strong.
After the third consecutive year of drought, feeder cattle future prices are forecasted to climb. This will squeeze beef supplies and lead to shortages and higher costs in the next few months. In the short term, producers may have some tough decisions to make. They will have to ensure they are feeding cattle efficiently, so they make it through winter with more cattle. Costs for fuel to maintain pastures, feed, chemicals, and fertilizer are expected to stay elevated in 2023. Feed prices are still nearly double what they were just a few years ago, so farmers will look for high-energy feed supplements. Using online tools can help producers keep their feeder costs down by analyzing feed costs. Better management within feed options can ensure maintaining cattle conditioning until better prices come.
Although there is an increase in feeder cattle, there is optimism surrounding cattle markets at the start of this year.
