Cattle Markets Could Drop to $80 by 2018

BT_Oklahoma_Stocker_Cattle_Winter_Wheat
BT_Oklahoma_Stocker_Cattle_Winter_Wheat
(Todd Johnson, Oklahoma State University)

It’s no secret there’s too much meat on the market. Cattle have bounced from the previous lows because of a tight supply for the next 30 days, according to Alan Brugler of Brugler Marketing.

“Short term I think we have [put a bottom in],” said Brugler. “Long-term, the cattle cycle says we’re still expanding cattle numbers.”

If cattle prices dip to $80 in 2018 like Brugler predicts, he suggests:

  • Determining if your operation should expand or cut back.
  • Watching the hog and chicken producers because they cut back quicker than cattle.

Watch Brugler discuss the cattle markets on AgDay above.

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