Current Economic Climate of the Beef Cattle Industry
Date
2012-01-21
Authors
Peel, Derrell
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Cornbelt Cow-Calf Conference
The Cornbelt Cow-Calf Conference is one of the longest running and most successful conferences of its type in the Midwest. For over forty years, the conference has provided an opportunity for producers, researchers, and over 70 industry representatives to come together to explore current topics and issues. This concentrated one-day conference focuses on management and production practices that contribute to making the cow-calf business profitable and competitive on a long-term basis.
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Abstract
2011 was, in many ways, a year of contrasts for the cattle industry. Regionally, extreme drought conditions in the Southern Plains were contrasted with excellent forage conditions in much of the northern half of the country. As a result of these climate extremes, herd expansion, that began in some northern states in 2010 and continued in 2011, was more than offset by the largest single year cattle liquidations from the states of Oklahoma and Texas. The result as another year of declining beef cow inventories in the U.S. despite record calf prices that provides considerable incentive to rebuild the U.S. beef cow herd.