The U.S. cow herd is shrinking in size for the fourth straight year. University of Missouri Extension Economist Scott Brown expects cattle prices to stay high for the next few years. “The most important thing about higher prices is the reduction of cattle supplies and I think there’s going to be a lot less beef in the marketplace.” Input costs will be a consideration. “We’ve seen in the last few weeks, a little lower feed costs, but hay is going to be the biggest issue.”
