BILLINGS, MT (November 2, 2015) – This year the cattle market has been on a roller coaster ride that has left cattlemen and cattlewomen wondering why did the market collapse like it did and will it recover.
The short answer is yes it will recover but gone are likely the prices that we saw last year or even earlier this year.
This shouldn’t really come as a surprise to anyone. After all, the majority of the nation’s best livestock economists have all predicted the market would level off and at least hold steady for a few more years.
Some even boldly predicted the market was due for a correction which started late summer and continued up until just a couple of weeks ago.
Mike Murphy is a Market Analyst-Risk Management Specialist for CattleFax, a member-owned information organization serving producers in all segments of the cattle business in Denver, CO.
The Northern Ag Network’s Russell Nemetz talked with Mike about why the cattle market dropped this fall.
He also explained to Russell his thoughts on if the market has seen its bottom and where he thinks prices are going to be the rest of this fall and into 2016.
To learn more about CattleFax, visit www.cattlefax.com
Source: Northern Ag Network-Russell Nemetz