Agricultural News
When Beef Demand Starts Moving Stronger Again- Tight Supplies Will Help Cattle Prices Rise
Tue, 02 Feb 2010 6:22:48 CST
Beef Demand kept cash cattle prices as much as ten dollars per hundredweight lower than they might have been in 2009. That was one of the take home messages from Randy Blach, CEO of Cattlefax, as the market analysis arm of the cattle industry presented their annual market outlook session during the Cattle Industry Convention in San Antonio this past Friday morning.
Blach and his Cattlefax team believe that beef demand has stabilized in recent months- and between improvements in domestic beef demand- and some growth in the export arena, cattle prices could jump higher as this works with a smaller cattle herd and tighter supplies of beef. Blach told the Outlook crowd that this may be the time to consider holding back a few more heifers or hold onto your mature cows for an extra season or two to edge your calf production higher in the next couple of calving seasons.
These comments from Randy Blach came as he wrapped up the Cattlefax seminar this past Friday morning- and you can hear his wrapup in full by clicking here for our story from the weekend of the Cattlefax event in San Antonio.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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