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Beef costs are poised to rise further as feeder-cattle futures climbed to cap the longest rally in 37 years amid mounting U.S. supply concerns.
Consumers looking at the price of beef in grocery store meat markets may be wishing more cattle were in the food production system to lower the hit on their wallets, but that is not likely to happen anytime soon.
Pastures are in better condition this summer than anytime in past 10 years, that’s a good sign for herd rebuilding.
The cattle markets are on a slight decline, but it’s still better than last year.
Evaluate your options when thinking about marketing this year’s calf crop.
Beef prices have yet to find a price ceiling this year as new records continued to be broken.