Stronger-than-expected calf prices brightened the outlook for cow/calf producers. Steiner Consulting Senior ag economist Altin Kalo says a rebound in cattle prices has been on the horizon for months. “We’ve had multiple years of reducing calf prices and a significant drought-induced liquidation so there should be upside pressure on prices.” Kalo says livestock producers could see prices as high as 2014, but inflation of inputs and feed will keep margins tighter. “A dollar today doesn’t buy you as much as it did back then so you have to adjust for inflation, but there is a chance we may get to those levels.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.