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
National Pork Producers Council’s Doug Frickey discusses this year’s event and what attendees are seeing on the expo floor.
Declining cases prompt officials to ease nationwide poultry restrictions, though local measures remain available if needed.
Agriculture Secretary Brooke Rollins says USDA has been preparing for a New World screwworm outbreak for more than a year as officials expand sterile fly production and containment efforts in Texas.
Markets Analysts and Livestock Experts Say Screwworm Adds Costs for Producers, Not Food Safety Risks
A long-running poultry waste lawsuit remains unresolved after a federal judge rejected proposed settlements and appeals followed.
Consumers are watching affordability, but projected beef demand remains strong enough to sustain market attention.
