Most of 2014 saw record high prices, but the downward trend in the beef and cattle markets looks like it could carry into the New Year.
See the lastest supply/demand estimates from Jerry Gulke, Top Producer Maket Strategy columnist.
Auction prices for calves were called steady to $5 lower by AMS, while yearling cattle traded steady to $3 lower.
The 135 bred heifers averaged $1,787 with a top of $2,400 at the Show-Me-Select Replacement Heifer sale, Friday, May 4.
The recent decline in fed cattle prices has producers wondering about calf prices for this fall.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Cattle futures contracts are on the decline and so is the expected revenue for cattle feeders this summer.
The addition of the two Cattle Empire yards boosts Friona Industries to the nation's second-largest cattle feeding entity.