In case you are involved in beef industry, feeder cattle news from Western Livestock Journal can provide you with a good basis for your business activities. By keeping up with latest news, it is essential to be familiar with any changes and developments concerning beef demand.
For instance, heifer and steer slaughter is likely to drop. At the same time, exports tend to be on a constant growth. In the next few months, there are certain expectations for prices to keep growing. Dairy cow inventory seems to be growing also.
The world pandemic in 2020 has caused cattle prices to go on a downward spiral. This year has also brought severe implications from the Ukraine war. This conflict has a huge impact on the feeder cattle industry in several different ways.
Feed costs have certainly increased. Domestic demands have further led to higher fuel prices. Transportation costs have also increased, and this has caused a great deal of volatility. Despite the frustrating situation that feeder cattle industry currently experiences, prospects certainly are much better than during the past two years.
Finding solutions to current-day problems is a real challenge, for sure. And the mixture of caution and concern certainly limits the general opportunities that producers have at their disposal.
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