It’s your market to fix
News Staff
Wednesday, December 13, 2023
Commentary by Bill Bullard, CEO, R-CALF USA Go back just five years, to 2019. Remember what fed cattle prices were back then? The 5-Area steer price was $115 per cwt, which was the lowest annual steer price in eight years. Remember also, that in 2019 the volume in the fed cattle cash market had fallen to the lowest level in history, to less than 21%. And back then, during the first nine months of 2019, beef imports were 2.3 billion pounds.