Will we get a January Cattle inventory report? At this point, nobody knows. "One of the most important reports that comes out for the cattle complex is the January Cattle inventory report. That's when we get an update on the size of heifer retention and that gives us an idea of how big the herd will be in the future," says Glynn Tonsor, livestock economist at Kansas State University. "That's scheduled to come out at the very end of January. It's to be determined if that occurs..."
In spite of the dearth of information caused by the government shutdown, Tonsor is still optimistic, according to the Oklahoma Farm Report. "Currently, we're basically projecting a cash price in the upper $160s," he says. "Big picture context: that's a little bit lower than in 2018. But, not much. So, if realized and if costs of production don't change much, we'd be setting up for a small profit for the typical cow-calf producer in 2019."
Click here to read and listen to Tonsor offer his cattle market expectations for 2019.