We are seeing a disturbing trend in small to mid-sized feeder lots.
They are sitting empty, while the packer-owned lots are running at full capacity. R-Calf USA CEO Bill Bullard warns that it could lead to a decline in independent farm feeders.
“We have extremely high prices because of the incredibly tight supplies, and that means the feeder cattle that would be moving into feed lots are in short supply, and so those prices have skyrocketed to never-before-seen prices. However, the fat cattle market is not keeping pace with the feeder cattle markets. That means there are a lot of independent feeders out there that would like to. Fill their feed yards, but they can’t pencil out a profit, nor can they hedge their purchases.”
Bullard adds that this situation could further reduce market outlets for cow-calf and yearling operators.
New details on the massive wildfire threatening farms and ranches in the Southern Plains.
February 20, 2026 11:24 AM
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Mason McGuire with the San Angelo Stock Show & Rodeo Association recaps this year’s event and looks ahead to the premium sale in April.
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The USDA Agricultural Outlook Forum highlights modest price support from tighter supplies across cotton, grains, dairy, livestock, and sugar into 2026.
February 19, 2026 01:48 PM
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Farm Bureau Economist Faith Parum discusses the latest Farm Bill proposal and the path ahead for Congress and U.S. agriculture.
February 19, 2026 01:28 PM
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The Ranger Road Fire spreads from the Oklahoma Panhandle into Kansas as high winds and red flag conditions persist
February 19, 2026 01:01 PM
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Lori Stevermer with the National Pork Producers Council reacts to the USDA’s speedline proposal, the new Farm Bill’s fix for California’s Prop-12, and other policy developments impacting the pork industry.
February 18, 2026 12:18 PM
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