[1]
sale barn cattle price predictions

The Livestock Business Tops The Stock Market

I saw an amazing graph last night, courtesy of CattleFax. It illustrated that, from 2002 to 2008, the average value received [3] for a fed animal increased by 6% annually. While that’s not bad, the average value of a fed steer from 2009 to 2013 has increased 11% annually and a total of $600 over that time. Those are the kinds of numbers that should get people excited.

I was almost glad that CattleFax [4] didn’t have a slide that showed production costs [5]over that same time period. I have a feeling those figures would have been pretty shocking as well.

When the CattleFax analysts finished talking about the possibility of $2 calves, $1 slaughter cows, and $4 corn [6], I couldn’t help but pinch myself to make sure I wasn’t dreaming. Some of the slides displayed by CattleFax also had cattle feeders thinking that they were dreaming. But those dreams were more of a nightmare, as overcapacity is actually growing in the fed industry as supplies continue to tighten.

 

You might also like:

3 Tips For Increased Beef Cow Profits [7]

Economists Say There's A Calf Price Rally Ahead [8]

Current Commodity Prices [9]

2013 Beef Industry Outlook: Are Consumers Near Their Price Limit? [10]

20 Funny Dick Stubler Ranch Life Cartoons [11]