Livestock Market Analyst Sheldon Wilcox had some good news to share with local producers at the Peace Country Classic Ag Show earlier today.
Wilcox says cattle prices are higher than they have been in quite a few years, and are going to stay that way for a while.
“We’ve got several good years of marketing ahead for cow-calf producers. Our beef production has dropped quite a bit, and of course, along with that is gone rallying prices, or higher prices. As long as production stays at these levels where we’re at right now, there’s no reason to think that we won’t have good prices going forward.”
Wilcox says it will take a minimum of four years to reach a potential over-supply issue, which would force prices back down.
Wilcox says he expects that barring a major crop failure, cattle going to market this fall will fetch even higher prices than in 2013.