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Wheat at Lowest in a Decade Can’t Find Room in Feed Bunkers

  • USDA quarterly survey likely to show stockpiles at 6-year high
  • ‘I’ve never seen storage space issues as acute as they are’
Updated on

To understand one of the main reasons why wheat producers are having such a tough time, talk to Oklahoma cattle feeder Hitch Enterprises Inc.

The closely held company has the capacity to feed 90,000 cattle and raise 300,000 hogs annually, and would normally be in the market to buy wheat. But it hasn’t bought any of the grain in four years, choosing to stick with corn instead.