An ag economist says all signs are pointing to an uptick in cattle prices. CattleFax’s Kevin Good says 2021 has been the third consecutive year of liquidation and the third year of a smaller calf crop.
Good says that means there are fewer cattle in the system. “We’re placing less cattle so we’ll gradually get into those tighter supplies in late 2021 to 2022, and as we do that combined with what is still record beef demand, we would suggest prices will move higher,” he says.
