Cattle Markets Could Mean Improvements for Producers
“How we got to this position is a function of a drought and we're down millions of head of cattle from where we were. But this is not unusual ground for the cattle industry. We typically peak and valley every six or seven years. But what's happened now is we're at record exports, we're at all time demand for our product. So, our products are selling well, they're getting exported, and then you couple that with the cow herd being down, we finally have the leverage on the packer and I like to be able to play the game with a few aces in my hand, so I enjoy having some leverage for change.”
He adds the outlook is encouraging for livestock producers.
“I just think that the outlook out there is awesome for the livestock sector, in particular the beef sector because we've proved one thing, America loves our product. Our consumer likes the quality of what we're producing and the rest of the world wants to get a bunch of it. So, our ability to go out there and do what we love to do, work on the ground, preserve the ground, make it sustainable, all of that just rolls into a really good situation for the cow-calf sector and the feeder sector for the next four or five years.”
That’s the new president of the National Cattlemen’s Beef Association, Todd Wilkinson.