'Out-of-sight' beef prices pose opportunity for those with grass

Markets
Jul 11, 2014
by WLJ

Record high cattle and beef prices are actually making rebuilding herds a good bet, at least for some beef cattle producers, according to a Texas A&M AgriLife Extension Service expert.

“‘Out of sight’ is a good term for the prices,” said Dr. David Anderson, AgriLife Extension Specialist in Livestock and Food Products Marketing. “And it doesn’t really matter whether we’re talking about retail prices to consumers, the wholesale beef market or at sale barns for calves and feeder steers.”

Both Choice and Select wholesale prices continue to set new record highs, with Choice taking more than $248 per hundredweight last week, according to Anderson.

“We sold fed cattle last week [June 30-July 3] in the Panhandle at $158 per hundredweight,” he said. “Lightweight calves were selling roughly at $2.75 per pound, and 750-pound feeder steers at $2.15 to $2.20.” — Robert Burns, Texas A&M University AgriLife Extension

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