Supply and demand, most currently found to be the two new words that farmers, producer and consumers use today.
The cattle cycle still functions in that declining cow numbers bring higher cattle prices, which provide incentive to expand cowherds. However, if producers shrug off demand for high-quality beef and stick with commodity goals, that recovery may only bring the herd back from 30 million next year to 31.7 million head by 2017. But there could be millions more, perhaps 33.8 million beef cows by 2018, if ranchers rebuild with cattle that produce beef for the high-quality markets.
Yeh, the cattle industry is worth that!
The cattle cycle still functions in that declining cow numbers bring higher cattle prices, which provide incentive to expand cowherds. However, if producers shrug off demand for high-quality beef and stick with commodity goals, that recovery may only bring the herd back from 30 million next year to 31.7 million head by 2017. But there could be millions more, perhaps 33.8 million beef cows by 2018, if ranchers rebuild with cattle that produce beef for the high-quality markets.
Yeh, the cattle industry is worth that!
