NEWS
Harrington's Sort and Cull
John Harrington DTN Livestock Analyst
Thu Jul 3, 2014 04:19 PM CDT

If the red-hot feeder cattle trade was a football game (sorry World Cup advocates, I mean real football), some referee should have thrown a flag on the slumping corn market for "piling on." Whatever benefit it lent to further strength in the feeder pit (i.e., implications of cheaper costs of gain) was about as meaningful as Dick Cheney encouraging the Iraqi government to "hang in there."

New-crop corn futures have been sliding hard since early May, pressured by timely planting progress and a fully adequate acreage base. But just when it seemed to be stabilizing in the face of uncertain ...

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