Cattle production in the United States is coming off a five-year expansion phase. According to Swift Trading Company broker and owner Chris Swift, that expansion shouldn’t last much longer. “For 2019, we anticipate herd size to shrink just a little bit. If we still have our same economy in 2020, we should start to see greater and greater cattle prices.” In the fat cattle market, Swift says prices in the upper $120s is a possibility for 2019. “To the down side, if things stay where they are, it may take prices at $110 per hundredweight to get rid of the remaining cattle herd.” Swift expects the feeder cattle market to remain in the low $150s.
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