What are the Expectations of Cattle Inventory the Next Few Years?

Aug 19, 2021

By Andrew Griffith

This week a question rolled in related to cattle inventory and expectations of cattle inventory the next few years and its influence on market prices. Answering this question correctly is easier than Rocky the Flying Squirrel carrying Bullwinkle.

Relatively low cattle prices the first half of 2021 and drought concerns in some major cattle producing regions will definitely result in a lower beef cattle inventory on January 1, 2022. This means a reduced supply of calves and feeder cattle, which should support prices in 2022. As prices increase, more heifers will be expected to be retained. This time of retention will further support feeder cattle prices. There is a chance that beef cattle inventory sees a slight increase in 2023 but certainly by 2024. However, the cattle market should be in a bull market at least through 2024 given the current situation.

These expectations could be disrupted by outside factors such as drought or supply disruptions. However, one cannot make decisions based on expectations of unknown disruptions.

Source : osu.edu

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

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