Tim Petry, NDSU Livestock marketing economist, is making several new price predictions for the cattle market.
The cow-calf sector should see improved profitability this year, with more improvement expected next year, he says.
Cull cow and bull prices likely will set a record high this year because the demand for hamburger is good even in a down economy and manufacturing-grade beef imports have declined.
Feeder calf prices likely will be 10 to15% higher this fall than the depressed levels of the last two years unless corn prices continue to skyrocket.
Petry explains these his reasons behind his projects at www.ag.ndsu.edu/news/columns/livestockma/market-advisor-cattle-herd-decline-supports-prices/view.