The cattle industry started 2023 with its lowest inventory since 1962. With drought, high input costs, low inventory, and high demand, it is making it an interesting time to be in the cattle market Tyler Schleich of Schleich Cattle and Tri-County Cattlemen gives a look into what cattle producers are dealing with in the market.
“If you had cattle on feed you’re selling them for record highs but you are also buying them back for record highs. That’s become quite the challenge, especially in my role in the nutrition business,” said Schleich. “But we talk about corn and beans, the price points on those are still extremely competitive to feed livestock right now. I actually have some pretty good profits coming back on some of these incoming cattle.”
Schleich adds that while we are not currently in the bull sales season, he is looking at those prices to also be strong.