CattleFax: 2017 Second Most Profitable Year, Can Prices Hold?

2/19/18 Cattle Prices, Inventory
Farm Journal ( Farm Journal )

Cattle prices continue to remain relatively supported.

Greg Henderson, editorial director of Drovers says the cash fed cattle market has rallied $4 to $5. Cash fed cattle prices jumped to $4 per hundredweight to $130 during Friday afternoon, with dressed sales in the north were $5 higher at $205 per hundredweight.

However, analysts at the Cattle Inventory Convention and NCBA Trade Show say there are several factors looming that could impact prices for 2018. The top concern is trade.

AgDay national reporter Betsy Jibben talked with John Hofferth, chief operating officer with Pinal Feeding Company in Maricopa, Arizona; Rod Alt, senior vice president of Farm Credit Services Southwest in Tempe, Arizona; Craig VanDyke, market analyst with Top Third Ag Marketing; Chris Hurt, ag economist with Purdue University; Derrell Peel, livestock marketing specialist with Oklahoma State University; Kevin Good, analyst with CattleFax and Don Close, vice president of food and agribusiness research and advisory with animal protein at with Rabo AgriFinance.