Beef Cattle Prices May Rise This Year as Herd Shrinks

Beef Cattle Prices May Rise This Year as Herd Shrinks

Wallace’s Farmer

U.S. beef cattle producers who have been struggling to stay in the black over the last year may see a bit of a recovery in this new year, partly due to a hoped for rebound in the general economy and due to efforts by those producers to cut the herd size.

USDA’s Chief Economist Joe Glauber says that beef prices have gone up and are projected to go up, which will take steer prices with them.

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