Beef Buzz News
CattleFax VP Kevin Good Says Cattle Market Leverage is Moving Toward Producers
Thu, 12 Aug 2021 09:20:31 CDT
Today’s Beef Buzz, from the 2021 Cattle Industry Convention in Nashville, Tennessee, is a service of Farm Data Services of Stillwater.
Listen to more of Ron's conversation with Kevin, here.
Ron Hays caught up with Kevin Good, CattleFax vice president of industry relations, talking about where the cattle industry is headed pricewise in the days to come. According to Good, cattle supplies have tightened down in the last year or so.
“If you think about where (the cattle industry) is at now in the cattle cycle - that’s the big message,” Good said. “We had five years of expansion, between 2014 and 2018, we’re now in the third year of liquidation - unfortunately because of the drought in the western-half of the U.S. and northern plains.”
Good foresees more liquidation, in 2022. He said with tighter supplies in the system, you can expect more harvest levels in the coming years. Partner that with, “the beef to man we’ve had in more than thirty years,” record-high resale and wholesale values and strong exports - fed-cattle, yearling-cattle and calf markets to soar, said Good.
With new expansions and builds going on, on the packer side of things and about a million less cattle in the market, Good said he thinks leverage is moving toward the producer.
From a profitability standpoint, the average cow-calf producers are seeing break-even or above prices today, Good said. He warns that with mother-nature always playing a role, some folks will have to hold heifer-calves back or liquidate some of their herd.
“Typically, the yearling operations get along pretty good,” Good said. “They’ll be buying calves at one price - prices are moving higher over time - theoretically, they should be getting along good for the next three to four years.”
Good said, the same is true for the feedlot setting, although feedlot operators tend to chase the market a little more.
Click on the LISTEN BAR below to hear more from Kevin Good on cattle markets.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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