November 2020 Cattle Feeding Projections
Cost of gains are still on the rise with current export markets and availability of ingredients. You will see your cost of corn based on corn cash bids throughout the feeding period will have increased and continue to stay high. Thus distillers are also affected in addition to pressure coming from the export market. It seems that many feedlots will once again be looking at feeding urea and reducing dependency on distillers grains. Contacting your Form-A-Feed nutrition and production specialist to discuss your options will be highly valuable as pressure on the market continues to push heightened marketing to help protect investments.
A lot of red and a lot of uncertainties plague our markets. Many heavy cattle are still hitting the chain and additional pounds will certainly impact asking prices and delivery push backs. Right now a 2 to 3 week lag time remains for cattle delivery. However heavy cattle inventory should soon be reduced making marketing status more current. This is certainly a positive sight moving forward.
As we continue to deal with the changes in the cattle market and our economy, it is important not to get complacent with cattle management. Working with your veterinarian and your nutritionist closely will help ensure healthy cattle that continue to perform. Controlling the items within your realm will pay back in performance and lower cost of gains as we move into the new year.
As always please reach out with any further questions or for projections based on your yards individual needs.