“The steer calf market should follow a very seasonal pattern, with the highs in the spring and the lows in the fall. The correction into the fall is expected to be larger than has been seen in the last few years.”
“Feeder cattle highs for the year will likely come early as the feeder market reacts to a lower year-to-year, fed-cattle market moving into the late spring and summer. Feeder cattle basis levels in April and May could be highly erratic due to forced early movement of wheat cattle off winter grazing programs.”
