Cattle Market Update

Aug 25, 2021

Canfax senior analyst Brian Perillat is providing a cattle market update.

"Drought has certainly been the top story affecting the markets...From a price perspective, the markets have held together relatively well. Not only are we seeing cattle move a bit early, we're seeing grain prices record highs. New crop prices just have not come off at all...On the other hand, yearlings, guys that have had to sell grass cattle have done quite well...Calves have been holding together as well, similar to where they were a year ago."

He also touched on fed cattle prices.

"Fed cattle prices, they also bumped up...They crept up a couple of dollars last week. We do have to watch. Feedlots still with all the costs and the fed market not as strong as we'd like it. They're continuing to see some red ink in the marketplace."

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Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

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