Feeder Cattle Market Future, Watch Corn And Fed Cattle Board

Sometimes I am amazed at how coordinated the markets are. In this case I am talking about the Live Cattle, Feeder Cattle and Corn markets. On a fairly regular basis I calculate feedlot break-evens for different weights of feeder cattle to be fed to finish. On a weekly basis I observe feeder cattle prices at various auctions and I track Omaha corn prices as an indication of what is happening with feedlot cost of gain.