Listen "143: Cattle Prices Hit Record Highs but How Long Will It Last with Dan Gerhold"
Episode Synopsis
In this episode of the CattleUSA Daily Podcast, Dan Gerhold discusses the current state of the cattle market and commodities, highlighting recent trends, market influences, and future outlooks. He emphasizes the strong performance of cattle prices, the impact of consumer demand, and the economic factors affecting the market.LinksWatch on YoutubeCattleUSA Insurance - CattleUSA Website - Subscribe to our newsletter - CattleUSA Media - Facebook - Instagram - The Next Generation Podcast Website - Lauren’s Instagram - Lauren’s Youtube ✍️CLICK HERE TO RATE & REVIEW THE PODCAST ON APPLE PODCASTS!✍️ (Click the link, scroll down to where it says “Ratings & Reviews” and click the small link that says “Write a Review”)✍️CLICK HERE TO RATE & REVIEW THE PODCAST ON SPOTIFY!✍️ (Click the link, select the three dots next to the following button, and click the star that says “Rate show”)TakeawaysThe cattle market is experiencing record highs in prices.Consumer demand remains strong, with steady purchases of beef.Labor Day typically boosts last-minute buying in the market.There is a seasonal slowdown expected as schools resume.Cattle slaughter rates are higher than placements, indicating a tighter supply.Economic factors like interest rates and inflation are influencing market dynamics.The market is currently favorable for cow-calf producers and backgrounders.Future price predictions are uncertain but optimistic based on current trends.The pork and chicken markets are also experiencing upward trends.Historical patterns suggest September and October may see a market slump. Chapters00:00 Welcome Back and Market Overview04:00 Cattle Market Trends and Insights06:50 Future Projections and Economic Factors09:19 Closing Thoughts and Resourcescattle market, commodities, Dan Gerhold, market trends, beef prices, livestock, agriculture, economic factors, cattle futures, consumer demand
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