News

A fairly positive outlook for 2020

Market analysts told cattle producers at the 2020 Cattle Industry Convention volatility in the beef markets aren’t going away in 2020.  But overall the outlook is good.  

CattleFax market analyst Kevin Good says all signs point to a cattle industry that has plateaued and it likely won’t get any larger over the next couple of years.  “That combinations should suggest the leverage component will shift to the cattle feeder,” he says.  “As that occurs more of those dollars will trickle back to the yearling and cow-calf producers.”

In fact, CEO Randy Blach, says all sectors of the beef industry will be profitable this year.  “Some not quite as strong as we’d like to see,” he says.  “We’d like to see those cow/calf producers make a little more money.  It’s been a little thing in here.  We’d like to see more profitability.  With the trade situation that is coming – that will not be too far behind.”

And, he estimate profits of $500 a head for the industry to split up over the course of the year.

AUDIO: CattleFax – Kevin Good & Randy Blach