NEWS
Cattle Market
Victoria G. Myers Progressive Farmer Senior Editor
Mon Aug 31, 2015 12:11 PM CDT

Cut it any way you want. Beef's market bulls are starting to look like they're leaking a little testosterone.

True, the numbers still ring strong. USDA projects 2015 will close with average annual prices for feeder steers in the $216 to $221 range, an increase from the 2014 annual average of $202.82*. But there is a shift in the fundamentals. The industry is now at a place where market economists are encouraging producers to meditate on their cost of production -- usually a good indicator any party is almost over.

Texas A&M Extension economist David Anderson said today's market signals ...

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