When comparing early-January cattle prices to the same numbers a few years back, it’s hard to ignore the dramatic uptick to the cattle markets. Troy Vetterkind is the owner of the Vetterkind Cattle Brokerage in Chicago, Illinois. He spoke with Northern Ag Network late last week about where we’re at now and where the cattle markets are headed…
What has been pushing the cattle markets higher?
Where might the breaking point be for higher prices?
Troy says that you have to sell beef between $2.25 and $2.30 per pound on the basis of choice cut-out to make the higher markets work. This, he says, is a possible challenge as exports pick up. However, he reiterates that this is the true challenge for the markets.
To get more insight from Troy, visit his daily blog at http://vetterkind.blogspot.com/.
© Northern Ag Network 2012
Haylie Shipp
