Last week, Elliott Dennis discussed the relationship between corn price and feeder cattle placement weights and the likelihood that the industry will continue to place lighter weight cattle while corn prices remain high.

In 2020, the U.S. exported $7.6 billion in beef and variety meat products (down 6% from 2019); variety meat exports to all partners accounted for 11.8% of that value, down from 12.4% in 2019.

Economic growth projections for the U.S. and the world have been revised downward due to the impacts of COVID-19, with many global growth projections having contractions of nearly 3%.

As we continue into the winter feeding months, cow-calf producers have additional opportunities to impact their bottom line. Winter feeding costs represent the single largest cost to cattlemen, typically representing 55 to 80 percent of total costs for their cow herd.

On Nov. 8, Donald Trump became the president-elect. Although the U.S. stock market initially declined, the losses were made up later that day and the market has continued to react positively. What will happen long-term is up for debate.