For beef cattle prices to continue their record run, the 2014 U.S. corn crop will have to produce record yields, according to a Texas A&M AgriLife Extension Service economist. That aside, the 2014 beef cattle market outlook is poised for another historic run as lack of supply will continue to fetch strong bids on calves.
“Look for continued high prices,” said Dr. David Anderson at the recent Central Texas Cow-Calf Clinic at the Milano Livestock Exchange. “Tight supplies are underpinning the market. I think we are going to have higher calf prices than we did in 2013 and higher prices in 2015 than we did in 2014.”