The USDA’s latest Cattle on Feed report shows an increased number of heifers placed into feedlots and an ag economist says that could signal some good news for cattle prices.
University of Missouri’s Scott Brown says the cattle herd isn’t growing. “We haven’t held back a lot of replacement heifers,” he says. “As I look at the next 12 to 18 months, right now nothing jumps out at me that says we’re going to have a big slug of beef production or cattle slaughter coming.”
But, he tells Brownfield, there are some concerns when looking at the overall cattle outlook.
