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Fundamentals Are Strong Despite Producer Wariness
2014-10-11 16:29:00| Beef
Though herd expansion has likely started in 2014, it will take another three years to recover the 1.87 million head of beef cows lost since 2011, says Derrell Peel, Extension livestock marketing specialist at Oklahoma State University. Additional expansion beyond that level is likely but will depend on domestic and international market conditions toward the end of the decade. The prospects for herd expansion for much of the rest of the decade suggest that cattle prices are likely to grind higher yet from current record levels before peaking and working lower toward the end of the decade. read more
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Category:Agriculture and Forestry