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Economist says cattle prices could push higher

The cattle market has pulled back from its recent highs.  University of Missouri livestock economist Scott Brown says the cattle market has turned sideways. “I’m not sure we’re done with record cattle prices,” he says.  “But we’ll have to wait and see given where we sit today.”

But, he tells Brownfield, strong demand is likely to continue. “We’re really getting to the big part of grilling season,” he says.  “So, I want to see what happens the next couple of weeks and that may give us some strength in in some of these prices.”

Brown says cattle prices have struggled to move higher consistently.  “Cattle have been up and down,” he says.  “But I will just say we’re still at historically high levels generally.”

Cattle supplies are historically tight, but Brown says prices have the potential to keep pushing higher as long as demand holds.

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