The sun and warm weather saw tractors finally make it to the fields as spring planting got underway. Corn prices found pressure as kernels of seed corn were laid in the ground. The Choice boxed-beef cut-out also set an all time high on Thursday at $208.99. Although both these factors should be viewed as positives for the cattle producer, they seemed to be overshadowed by projections of the high April placements expected in Friday afternoon's Cattle on Feed report .
Source: MO Dept of Ag-USDA Market News Service, Jefferson City, MO
Tony Hancock, Market Reporter, (573) 751-5618