With more contraction in the cattle herd, the CEO of CattleFax says that could signal good news for prices.
Randy Blach says supplies are going to decline in 2024, 2025, and probably again in 2026. “And if you think about our markets in total, we’re still going to be in a situation that cattle prices are going to trend higher,” he says.
He tells Brownfield he’s forecasting big jumps again in fed cattle prices.
