Fed Cattle
With the lack of rebuilding the strong cattle market could be extended another year.
Family-centered farming operation yields big dividends and rewards for Ohio couple.
Brad Kooima discusses the drivers behind current cattle market volatility and how supply shortages are shaping packer strategies.
UNL predicts closure will result in $3.28 billion in annual statewide economic losses. The analysis projects more than 7,000 jobs lost statewide, including 3,212 plant positions, along with significant reductions in labor income and state and local tax revenues.
Terrain’s Dave Weaber says placements of cattle into feedlots will continue to shrink, long-feared beef slaughter capacity reductions have arrived, and the beef cow herd hasn’t begun to expand.
The announcement to close the Lexington, Neb., plant and transition to one shift in Amarillo shocked the beef industry. While local impacts will be significant, analysts urge producers to remain calm as the market fundamentals steady following the reaction.
Strong demand supports beef prices amid economic volatility, but herd investment and growth slows as producers grapple with increasing uncertainty due to political noise.
Oklahoma State’s Derrell Peel says the beef industry needs time — not politics or policy — to solve beef supply and demand realities.