Cattle Markets Could Drop to $80 by 2018

November 10, 2016 03:09 PM
 
 

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.

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Comments

 
Spell Check

Mike W
Calverton, VA
1/14/2018 07:20 PM
 

  Corrected for inflation cattle prices are already lower than they've ever been. I have ten percent of the buying power my grandfather had here on the same farm. Beef Checkoff doing a bang up job of providing cushy jobs for a few parasites, but delivering nothing else. I'm through farming food for people to eat, they'll pay more to feed their horses.

 
 

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