Cattle prices have fallen sharply over the past month. Some, including CattleFax, believe the cycle highs are behind us. If so, you better tie a knot in the end of your rope and HANG ON!
I don’t know what to think… The fundamentals have not changed. Cattle numbers are still at a 75-year low. It is hard for me to believe we have seen the cycle highs. However, I don’t think the markets always pay attention to logic. In 2015, I thought we would have at least two more years of record-high prices. I was wrong. Cattle prices fell by a whopping 40% in 2016!
Quote Worth Re-Quoting
“If you need high prices to stay in business, you will eventually go out of business.” ~ Tim Goodnight
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