Cattle prices are expected to remain strong for 2019. CattleFax analyst Kevin Good is forecasting steady fed cattle prices averaging $117 per hundredweight. “There is a challenge going forward, recognizing that we have larger supplies of feeder cattle and calves and we’re seeing the leverage shift. As a trend, we think feeders and calves will be softer than the year prior, but still hold up to levels that will give most producers the chance to be profitable in 2019.” The relatively good calf market that was seen this past year will be under pressure in 2019. Good still sees the potential to reach the mid $180s this spring. At the Cattle Industry Convention in New Orleans, Good said beef exports have had double-digit gains over the past three years. “You can’t expect that to continue, but we have exports up six percent.”
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