Cattle Markets Have Many Moving Parts
What a tremendous variance in emotion, perspective and market psychology on behalf of cattle producers and especially cow-calf operators over the past two years from the two years preceding. Cow-calf producers have endured the bulk of the decline in margin, at the same time they had the most margin to lose. Think of it this way, there’s only so much margin per animal and each segment (i.e. cow-calf, stocker, feedyard, packer, retailer) is attempting to get the highest percentage of the pie.