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Registered: ‎04-29-2010

Herd expansion -- from Chris Hurt

Chris Hurt at Purdue says last week's USDA Cattle Inventory report shows we're in the "very early stages" of beef herd expansion. But, per-head profits will probably remain at pretty healthy levels:



The first signs of expansion do little to change the bullish cattle price forecasts. Look for finished cattle prices to push into the higher $120s this spring, moderate to the mid-$120s this summer, and finish the year near $130. Spring highs in 2013 could climb to the low $130s.



So, are you part of this herd expansion, or are you staying on the sidelines for a while to see how it plays out? Here's a little more from Hurt on some of the specifics.