The largest expenditure for cattle producers is harvested forage and feed. Livestock Marketing Information Center Senior Economist Katelyn McCullock says livestock producers are at least breaking even this year with increased calf prices. “In 2022, we’ve calculated livestock producers are right above break-even and making progressively more money the next two years even with costs possibly increasing.” McCullock expects cull cow values to rise as well due to a lower total herd size and slaughter rates declining.
