Cattle prices have been supportive lately, but one auction barn owner says there is one issue facing the industry that goes beyond the market.
“Getting the younger generation to come back in and we’ve definitely got to be profitable for them to be interested in coming back to these farms and ranches, so I think that’s one of the biggest factors today is to make sure that we can get those young people back to the farms and ranches,” said Justin Tupper.
Tupper says, fundamentally, he feels the industry is in a good spot. He says they are just hoping to hold the market and let fundamentals run their course.
Related Stories
USDA’s July WASDE report projects the smallest U.S. wheat crop since 1970, tighter corn stocks, stronger soybean exports, larger cotton supplies, and higher cattle prices.
USDA adjusted accumulated beef exports down by nearly 114,000 metric tons, stating those exports were reported in error.
South Texas producers remain on alert for New World screwworm, stressing that reporting suspected cases is key to expanding sterile fly releases and slowing its spread.
Dry conditions, tight cattle supplies and border challenges continue to shape the outlook for the U.S. beef industry.
The Bureau of Land Management says the adoption event is part of a broader effort to manage herd populations and protect western rangelands.