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
Alliant Chairman of Agriculture and former U.S. Ag Secretary Mike Johanns explains the R&D Tax Credit, the recent Tax Court ruling, and ways livestock producers and agribusinesses can qualify.
Texas Ag Commissioner Sid Miller joins us to discuss the cattle herd rebuild, trade concerns, and how ranchers would define “America First” policy priorities.
AFBF Economist Samantha Ayoub discusses the latest data on Chapter 12 farm bankruptcy filings and what the troubling trend signals for the farm economy. At the same time, bigger loans and higher rates are squeezing working capital and increasing financial risk.
Corn demand remains supportive, but weaker soybean buying limits overall export momentum.
Chef and influencer Marcia Smart joined us to discuss Italian-inspired beef dishes, nutrition for active lifestyles, and how global events shape home cooking.
The USDA opened a new sterile fly-dispersal facility at Moore Air Base in South Texas to prevent a potential outbreak of New World screwworm and protect the small U.S. cattle herd.
