National Ag News

The high number of cattle being placed in U.S. feedlots in December has added to bearish concerns about fed cattle prices. The heavy December placements indicate a greater number of finished cattle hitting the market later this year, according to Rich Nelson, chief strategist with Allendale.

“Keep in mind this was this month’s report, plus we also had last month’s heavy November placements, so we’ll see some summer cash prices probably down at that, we suggest $98,” he told Brownfield Monday.

Continue reading Cattle placements bearish, but with some good news at Brownfield Ag News.