After beef prices saw an upward movement in the month of November, prices continued to climb in December ending just before the Christmas holiday with an increase of $3.30 per cwt month over month.
It’s been a wild ride in the cattle market since live cattle futures plunged off record prices earlier this year, but profitability could still be in the cards in the near term for cattle producers.
Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.8 million head on Oct. 1, 2010.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
The 2017 Census of Agriculture was released April 11. While the lag between collecting and reporting the information seems like a long time, the breadth and depth of information is substantial.