BILLINGS, MT (November 1, 2016) – In the past two weeks we’ve seen the cattle market both in terms of fed cattle and feeder cattle trade upwards of $10/cwt higher. This has given cattle producers a little hope that the bottom of this market may be near.
This week the Northern Ag Network’s Russell Nemetz talked with Cattle Fax analyst Mike Murphy about this recent upward movement and his thoughts if it’s going to continue.
A lot of calves in Montana, Wyoming and the Dakotas have yet to be sold because of the sharp downturn in feeder cattle prices this year. CattleFax’s Mike Murphy explains if this is a good time to get their calves sold.
As for the bred cattle market, he says prices are becoming more in line with today’s feeder cattle market.
Source: Russell Nemetz-Northern Ag Network
