CattleFax: 2017 Ranks Second Most Profitable Year for Beef Producers

2/2/18 Cattle Fax Ranks 2017 As Second Most Profitable Year For Beef Producers
Farm Journal ( Wyatt Bechtel )

CattleFax released its annual outlook at the Cattle Industry Convention and National Cattlemen’s Beef Association (NCBA) trade show.

The report showed exports are expected to account for 20 percent of fed cattle value at $343 per head in 2018. Also, U.S. beef cow inventory increased 2.8 million head in four years and an additional 200,000 – 400,000 head are expected to be added to the herd over the next few years.

AgDay national reporter Betsy Jibben breaks down the highlights with Kevin Good, senior analyst with CattleFax.

For more on the CattleFax outlook read: Get the Facts and Projections on 2018 from CattleFax