Crop growers are not the only ones needing a risk management system this year. Farm analysts say now is the best time for cattle ranchers to check out their options.
“Some people are checking cattle at night. We’re calving heifers. We’re calving cows. Those calves are hitting the ground, and just think about if you could insure those cattle for today for, let’s just say, $1,600, and you’re spending about $50 to $60. Maybe you don’t want to spend that much. Maybe you want to insure that calf for $1,000 and spend $10 or $15. Those are some of the options that we could look at on those cattle that are hitting the ground right now,” said Clay Burtrum.
Butrum says at the end of the day, you want to make sure you keep yourself profitable while protecting the business for the next generation.
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Cattle producers face mounting pressure as U.S.-Mexico trade talks resume, but expanding drought, rising input costs, and policy work to improve the long-term industry outlook.
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JBS representatives told Reuters that the original deal has not changed and that they welcome employees back to the facility.
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China’s changing pork demand may limit export growth opportunities.
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Spring Fieldwork Progress Mixed As Moisture Slows Activity
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Charly Cummings with Superior Livestock Auctions provides a real-time look at cattle market activity, demand trends, and what lies ahead for upcoming livestock auctions in Texas.
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