More cattle emphasizes the importance of increasing market access

A livestock market analyst says the USDA’s latest Cattle on Feed report indicates an increase in slaughter cattle this fall.

University of Missouri’s Scott Brown says producers need consider the impact on prices.  “If we start to see these larger runs it could very well put pressure on cattle prices as we look ahead,” he says.  “Now may be the time to think about how you want to market calves and cattle as you look at the latter part of 2017.”

He tells Brownfield increasing market access for US beef is critical and advancements have been made to resume US beef exports to China by the mid-July target date.  “If we could make that happen – that’s a win all the way around,” he says.  “Even on the pork side China is still going to be important for us on pork as well as we get more supplies of pork in the latter part of the year.    I hope we can find the US competing very well in that Chinese market for pork.”

Brown says he has concerns for beef and pork prices if the US doesn’t compete well in growing markets like China.

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