Beef Market Update: Setting the Scene for a Much Improved Cattle Prices

If your grain-farming neighbour is wincing at crop prices and that makes you smile, you might be a cattle producer.

And so begins a series of events and conditions converging to support solid cattle prices for the near term. As you’ll hear in this interview with Anne Wasko, of Gateway Livestock, cattlement are enjoying strong prices of $10 to $15/hundred weight above this time last year based on small supplies. Combine that with cheaper feed for the coming months and controversy around a feed additive being pulled from shelves to further lower tonnage in 2014, and you’ve got price support you can count on. Wasko also points out in this interview, improving weather conditions down south could mean heifer retention rebounding. Will this further tighten beef supplies? We shall see.

 

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