Hot Barn Report

HOT BARN REPORT: R-Calf USA Friday with Karina Jones

Oil is up. Corn is up. Groceries are up. Everything is up. But, cattle are down.
When crude oil goes up, so does diesel and gas. The output product follows the input product. So, if the cattle market functioned competitively like the gas market, then we would fully expect cattle prices to increase so the supply chain could recover the added cost of corn and inputs. [READ MORE…]