shorthorngirl2010
Well-known member
As I was setting in the tractor today discing up wheat stubble, I was listening to noon markets & they happened to have a report about cattle numbers and projections... summarized, the US herd inventory is at the lowest number its been since they started keeping records (99.4 million head), and there is 4.1% more cattle in feedlots in the month of June ('11) vs. the same time last year, even though analysts expected to see a ~7.6% decrease compared to a year ago. That being said, with numbers in feedlots beyond projected estimates and prices sky high STILL, paired with drought stricken areas & numerous producers selling out, are we headed for a plummet in prices, or is the low herd inventory going to maintain high prices, simply because of supply & demand?
Just something to think about..
-Sam
*Disclaimer- this is a thread to simply DISCUSS what you think is ahead for the industry. I hope, if it comes down to it, we remember that each is entitled to their own opinion.
Just something to think about..
-Sam
*Disclaimer- this is a thread to simply DISCUSS what you think is ahead for the industry. I hope, if it comes down to it, we remember that each is entitled to their own opinion.