Beef Buzz News
CattleFax Leader Predicts Higher Calf Prices In Coming Months
Fri, 25 Sep 2020 07:59:42 CDT
Higher calf prices are expected in the coming months says Randy Blach, CEO of CattleFax, a global leader in beef industry research, analysis and information.
Ron Hays Beef Buzzes With Randy Blach
Blach was a featured speaker for the 2020 Virtual Cattle Raisers Convention recently held online.
You think about the timing of the Tyson fire we had last year, and the market was depressed in September and October, we had a backlog and the prices were cheaper than normal, Blach said.
It happened again with the pandemic, yet Blach said things could have been worse.
I have been pleased the market has been as strong as it has but it would have been higher if not for the negative events we've had, Blach said.
The spring lows we made in the fed cattle, feeder cattle and calf market were the cycle lows, he said.
Prices are going to gradually improve and move higher through the middle of next year, Blach said.
It's been unfortunate but we anticipate the economics are going to improve down the road, he said.
Calf prices normally are at cycle lows from Sept. 15 to Oct. 15 and Blach encouraged producers to plan around the low market timing.
For feeder cattle and stocker cattle operators, the prices last spring were the cycle lows.
We will spend very little time the next few years below $135 to $140, Blach said.
The CattleFax leader said market highs have been up around $160 and we will see those highs next year.
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