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A host of economic indicators suggest that the recession has ended — with more positive than negative signs for the U.S. and the world economies — signaling a recovery for the cattle industry as well.
“Unfortunately the beef industry rode the recession downward. So far this year, through the month of September, beef production has been [...]
Cattle prices are likely to improve in the long term, according to Purdue University Extension marketing specialist Chris Hurt.
“The magnitude of price improvement may be robust at some point in 2010 as beef cow numbers continue to drop, beef exports continue to improve, and the world economy begins to heal. A return to finished cattle [...]
Purdue University Extension marketing specialist Chris Hurt has some simple advice for nervous cattle producers: don’t panic.
“Odds favor a recession and not a depression. Understanding the magnitude of the recession is becoming easier as the impacts of the past few weeks affect consumer spending, business investment decisions, and trade.
“Markets often anticipate the worst, and if [...]
There are better days ahead for the cattle industry, says Purdue University Extension marketing specialist Chris Hurt:
“As numbers keep dropping, producers adjust inventories downward in the face of high feed and forage prices. At mid-year, the number of all cattle and calves was modestly lower than the two previous years, with total inventories near the [...]
Dairy producers need to be cautious about how they respond to current feed costs challenges, according to University of Illinois Extension dairy specialist Mike Hutjens.
Decisions that appear on the surface to make sense may make things worse, such as removing feed additives because they add to feed costs; dropping expensive fuzzy cottonseed; adding five pounds [...]
The impact of higher feed prices has had the most adverse impact on cow-calf operations in the form of lower calf prices, according to Purdue University Extension marketing specialist Chris Hurt.
Record calf prices occurred in 2005, but have decreased about 16 cents per pound since feed costs increased. This represents a decrease of about $80 [...]
While finished cattle prices will set new records this year, the loftiest expectations have been lowered in recent weeks. Purdue University Extension marketing specialist Chris Hurt explains:
Finished cattle prices will end up averaging about $92 this year compared with the previous annual high around $87 in 2005. Price expectations for the final quarter had been [...]
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