There is still a long way to go before the cattle herd starts heading in a positive direction but analyst Lance Zimmerman with Rabo AgriFinance says there are several encouraging signs.
“I would imagine because we do have some of that incentive out there to try and rebuild these herds. We’ve had good rain in certain areas. We’ve rebuilt hay supplies in some areas where it was awfully tight through the central plains this past year. We’ll start to see that number bottoming out earlier than the beef cow number, but we still have a ways to go before we see it trending strongly in a positive direction.”
Zimmerman says he expects the next round of calves to be very high quality and will help grow demand moving forward.
Related Stories
Dr. David Anderson says lean beef demand and lighter cow culling are still giving cull cow prices room to push higher.
The inverted Choice-Select spread is not a strong warning sign in today’s tighter, higher-quality beef market, according to new analysis from Terrain.
Based on USDA data compiled by the U.S. Meat Export Federation, pork exports increased by six percent in March compared to the previous year, while beef exports weakened overall.
New trade access, tariff concerns and international negotiations are reshaping the global beef market.
National Pork Producers Council President Rob Brenneman joins us to discuss Prop 12 provisions in the House’s Farm Bill as it heads to the Senate for debate.
Officials say no additional spread has been detected as containment and monitoring efforts move forward.
