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What a great time to be in the cattle business! The feeder cattle index lifetime-high trade is $254.10 and currently you can protect nearly a $20 premium to that for next fall.

If you didn’t hit the market high with your calf crop last year, you can protect that record price and leave the opportunity open for the better, right now.

The supply story is well documented. The market knows it will take time to rebuild the beef cowherd and you can see premiums built into deferred contracts for this very reason. There are record prices today, but the best may still be yet to come.

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