CattleFax analysts provide outlook for 2011

CattleFax analysts provided attendees at the NCBA Cattle Industry Convention Feb. 4 a 2011 outlook. Randy Blach, analyst, called today’s environment an unusual one, and one that provides a tremendous challenge to cattle producers.

CattleFax analyst Randy Blach helped explain the current market and what to expect in 2011 to attendees at the outlook seminar Feb. 4.

“The environment we are in today is totally different than anything we’ve seen in the last 20, 30 or even 40 years,” Blach said. “We all have to have an open mind.”

Several points made by analysts about the 2011 market include:

—Total cattle numbers are down 1.4 percent in 2011, another 1 to 1.5 percent decline is expected in 2012.

—Forecasts call for domestic beef demand to be steady to slightly better during the next two years.

—Beef exports are expected to increase 8 percent in 2011 and continue to rise in 2012.

—Corn prices are expected to remain historically high as U.S. and world corn stocks to use levels remain historically tight.

—Record high prices are forecasted for all classes of cattle in 2011 with continued increases in 2012.

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Categories: Convention News

Author:Kylene Scott

Associate Editor for High Plains Journal.

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