CattleFax CEO Suggests Industry Take Time to Reflect on the Changing Nature of the MarketplaceMon, 06 Feb 2017 13:17:03 CST
We have seen a change in the cattle markets over the last few years, says Randy Blach, CEO of CattleFax. He spoke with Radio Oklahoma Ag Network Farm Director Ron Hays recently during the National Cattlemen’s Beef Association and Cattle Industry Convention in Nashville this past week and reviewed with him what he’s notice through these early days of 2017.
“You think about our markets from 2009 to 2014,” he said. “Our markets went up 117 percent and then preceded to break 45 percent.
Blach says with recorded figures like these, we as an industry need to pause a moment and ask ourselves if what we are seeing now is a different market environment than anything we’ve seen historically. With an industry that has become dramatically global in scale, and a rising uncertainty of what the future of our nation’s trading policy has in store, he suggests there is ample room for reflection on where we are at and how to strategically move forward from this point on.
“That’s why I think we’re in such interesting times,” Blach commented. “I think we have to have an open mind. These markets have changed and I’ve reflected on it a lot because we’ve all learned so much in the last three years.”
Listen to Hays’ full conversation with Blach and get his thoughts on what these changes in the marketplace mean for the success of producers, on today’s Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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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