Despite recent issues, cattle producers are holding steady right now.
One rancher says there is still money to be made, but notes it has been difficult.
“We continue to face extreme costs as it relates to fertilizer, of course, our insurance, and just anything you touch that’s in our space. Fortunately, good Lord willing, and that the creek doesn’t rise, we’ve got unbelievable markets right now,” said Carl Ray Polk.
Polk says his costs have risen consistently over the last few years. Market access has been a concern for some beef producers, with China now largely removed from the U.S. market.
Related Stories
Reduced slaughter numbers and stronger export demand are helping push livestock by-product values higher.
Moly Manufacturing welcomed renowned cattle expert, Dr. Temple Grandin, as the keynote speaker for its “Beef and Greet” livestock industry event.
Dr. Derrell Peel says the longer the border remains closed to Mexican cattle imports, the more likely some industry changes could become permanent.
The state-level focus is split between labeling and sales restrictions.
Farm CPA Paul Neiffer says producers forced to sell livestock due to drought may have several tax options available.
Ted Odle discussed buyer demand, current pricing trends and upcoming summer and fall cattle offerings.