A livestock economist says the USDA’s latest supply and demand report indicates there is a lot of volatility left in cattle and hog markets.
University of Missouri livestock economist Scott Brown says producers will need to keep an eye on input costs. “The USDA raised its corn price by $.10 and soybean meal prices by $20/ton,” he says. “We’ve seen a pretty good march up on corn futures prices the last couple of weeks.”
And despite increasing the amount of US beef and pork in that same report, the USDA did raise livestock prices for cattle and hogs.
