As a cattle feeder and commodity broker for 45 years, Brad Kooima of Kooima Kooima Varilek in Sioux Center, Iowa, says he’s never seen a time like this, or even a close second, in the cattle market.

Supply Versus Demand For nearly three decades, the U.S. beef industry has been in a declining supply and increasing demand market. Absolute prices and volatility have increased significantly over that ...