Steiner Consulting Senior Economist Altin Kalo says with the current cattle cycle, rain and pasture resources are the only thing that will kick-start herd rebuilding. “It doesn’t look like we’re anywhere close to starting the rebuilding process.” Kalo expects prices to remain elevated through next year with beef supplies still fairly limited. “We think that there’s not going to be an increase in beef production until 2026.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.