| Speedy0888 - 6/17/2018 22:07
What are your thoughts on the feeder market for the next couple months?
Dec fats 111 x 1400= 1550
Corn@ 3.50 =.0625 lb
4200 lbs feed @7 to 1 conversion =$262.5 for 600 lbs
1550
-262.5
=$1287 on an 8 wt aug feeder delivered is break even. (1.60 per lb)
You can get nice 8 wt cattle delivered for 1.50 per cwt. 80 dollars cheaper per head than break even.
80 dollars divided by 4200 is an additional 19 cents per lb of feed fed.
.19 x 56 = 1.06 per bushel.
I don't see feeders going down.
Edited by redrobin 6/18/2018 05:53
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Cattle market direction
