Still in a Cycle
Industry expected to remain profitable with strong markets.
The U.S. beef industry continues to experience the return to historical market cycles, according to CattleFax CEO Randy Blach, who provided a big-picture view and long-term trend outlook during the 2019 Cattle Industry Convention & NCBA Trade Show in New Orleans Jan. 30-Feb. 1.
“Our pipeline is full,” he said. “We’ve been running our packing plants at full capacity. Our feedyards are full. Our cow herd is up 3 million head, as well.”