Managing for Profit

The cattle market is getting pressure from beef oversupply

university-of-missouri-livestock-economist-scott-brown-thompson-research-center-spickard-mo-sept-15-2015Cattle prices have softened recently.  University of Missouri agriculture economist Scott Brown says there are a couple of major reasons, chief among them is the supply of beef.

“We’re up over four percent in terms of beef production relative to a year ago,” Brown told Brownfield Ag News at University of Missouri Agribusiness and Policy Symposium.  Brown cites that as reason for the downturn, as well as slower trade resulting from the strong U.S. dollar.

There’s also expansion evident.  The number of beef cows is growing.  At the beginning of 2016, it was a million more than the year before.

AUDIO: Scott Brown (3 min. MP3)

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