The cattle market has improved dramatically since the summer of 2013. Record high fed, feeder and replacement cattle prices are the result of strong beef demand and a drought that reduced the U.S. cattle herd. The prolonged 2011-2013 drought, especially in Texas, caused a substantial liquidation in replacement cows and heifers and overall cattle numbers as grazing conditions deteriorated. Rain over most of east, central, and south Texas in the spring of 2014 has significantly improved forage conditions and increased the demand and prices for replacements. Producer optimism has rebounded and spurred herd rebuilding plans. Current cattle prices, including
Organization |
Texas A&M AgriLife Extension Service |
Publisher |
Texas A&M University |
Publication Views |
1542 |
Material Type |
Written Material |