Those gathered at this year’s Cattle Industry Convention got a glimpse at the 2020 cattle market. “Cattle producers have done a tremendous job of producing more with less,” said CattleFax Vice President of Industry Relations Kevin Good. “We’re optimistic that prices can average higher in 2020, driven by both domestic and international export demand. Hopefully the fed market can average about $3 per hundredweight higher, especially since grain values are trending flat to lower.” While the wet weather in 2019 caused some headaches, CattleFax Vice President of Risk Management Mike Murphey said it created a lot of forage in some areas. “From a supply standpoint, it’s more than adequate and prices are also inline with last year.” Hear more from Murphy and Good in these RRFN interviews.
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