Compared to last week, major winter storm moved across the Central Plains on Monday evening and Tuesday with plenty of high winds closed parts of I-70 and I-80 across Kansas and Nebraska with 10-12 inches in many areas.
Would you believe a $6 to $7 corn price prediction? Bill Kirk, a weather statistician and owner of Weather Trends 360, asserts that corn prices could hit the $6.50 to $7 range this summer. According to his weather outlook, 2016 will mean lower yields both in the U.S. and in Brazil, reversing the current supply and demand debacle.
The expectation is for the price of lightweight calves ready for grass will continue to inch up through February and then really gain steam in March. Sellers should be keeping a close eye on the calf markets during this time to capitalize on the price improvements.