BULLS ALL AROUND: GOOD NEWS FOR CATTLE PRODUCERS
/Source: Agriculture.com
Is the cattle cycle swinging back around to the high side? Recent record-high cattle prices will likely start making that happen soon, says one longtime livestock economist. It’s been a while since cattle herd numbers have been as low as they are now; more than 60 years to be exact, according to Purdue University Extension ag economist Chris Hurt. Specific to the beef herd, it's at its smallest since 1962 and in the seventh year of the most recent downturn in numbers. (read more)