An ag economist says continued contraction in the cattle industry sets the stage for higher cattle prices.
University of Missouri’s Scott Brown says that’s good news for producers. “We look at the percentage of heifers relative to the total on feed, it continues to be at high levels,” he says. “It came in at 38.8 again this quarter, which tells me we’re not holding back heifers either and we’re slaughtering more Cows. All that’s very positive to prices.”
But, he tells Brownfield that could also mean higher prices for consumers.
