Prices of calves, fertilizer, feed and more continue to rise – all while the US beef herd fell 2% from ‘21-’22.
Troy Salzer, University of Minnesota Extension Educator in Ag Production Systems, says these price increases are not expected to change any time soon. Farmers instead need to implement better management strategies to help increase their profitability.
He says that the prices of fat and feeder cattle show that there should be a price increase in beef over the next year and a half or more.
More cows are also being harvested due to drought in large cow producing states, and he says when combined with reduced carcass weights, demand will rise for beef across the country.
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