The price of corn is falling, and gain costs are falling too, BUT just because we can get corn bought with a "2" in front of it DOES NOT mean that we can pay as much as we want for feeders.  Most feeder cattle are still very overvalued relative to fats, but there are more and more feeders around that can actually be bought at a nice profit.  Check out a smapling of both from El Reno, OK (OKC West):

SELL 1225# fat heifers out of the yard @ $85.00

BUY 925# Med-Lrg 2 heifers at El Reno yesterday @ $77.50

Return on the Gain = $1.08 per pound

Profit per head with a $0.90 cost of gain = $54.00

Sweet!

Or, as is more commonly being practiced:

SELL 1225# fat heifers out of the yard @ $85.00

BUY 638# Med-Lrg 1 heifers at El Reno yesterday @ $96.46

Return on the Gain = $0.73 per pound

LOSS per head with an $0.80 cost of gain = ($41.09)

We're brushing up against a $100 per head P&L swing between these two sets of heifers at the same sale on the same day.  Lower corn is great, and a lower cost of gain is great, but it isn't what determines profitability.  I'd rather feed $8.00 corn at a profit than $2.85 corn at a loss - which is what is happenening to many-a-cattle feeder right now.  You have to get your eye on the ball - and the RIGHT ball.  Consistent profitability in cattle feeding is possible, and dare I say, EASY to the truly skilled cattleman.

Forecasters are killing the North American Cattle Industry.
"Global warming" is a complete fraud designed to advance the cause of socialism and enslave humanity.
Abortion is the murder of an innocent human being and is never justified under any circumstance whatsoever.
Every human being is a question, to which the ONLY answer is Jesus Christ.