Feedlot owner predicts cattle market trends, details rebuilding challenges | Mike Briggs

In this episode of Market Journal, Mike Briggs of Briggs Feed Yard shares his expert predictions on the cattle market as we head into the end of 2024. From herd rebuilding delays to feed costs and seasonal price drops, Mike offers a comprehensive view of the challenges facing cattle producers. He also discusses the impact of lower feed prices on profit margins and what to expect for live and feeder cattle prices in the coming months. Don’t miss this in-depth analysis from a feedlot veteran!
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[@agwhoneedsaphd2643]

1. Most ranchers I'm aware of either quit or hemorrhaged alot of equity to save the operation and need several good years to recover.
2. The only fundamental that matters anymore is what side of the market the "funds" have positioned themselves on.

[@thomaspaulson579]

The faster our industry can recognize this, the better we become. If they don’t, well… good luck.