It’s no secret there’s too much meat on the market. Cattle have bounced from the previous lows because of a tight supply for the next 30 days, according to Alan Brugler of Brugler Marketing.
“Short term I think we have [put a bottom in],” said Brugler. “Long-term, the cattle cycle says we’re still expanding cattle numbers.”
If cattle prices dip to $80 in 2018 like Brugler predicts, he suggests:
- Determining if your operation should expand or cut back.
- Watching the hog and chicken producers because they cut back quicker than cattle.
Watch Brugler discuss the cattle markets on AgDay above.