When Jerry Wulf talks about how the feeder cattle market is changing, hespeaks from experience. Wulf Cattle Co., Morris, Minn., has ranches in Minnesota, South Dakota and Nebraska, as well as a feedyard that markets nearly 55,000 fed cattle each year. Many of the feeder cattle come from the company's own genetics, Wulf says; it purchases many of its bull customers' calves so it can follow them through the feedyard.
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