SALEM, Mo. – With cattle prices at record high levels and many forecasts projecting relatively high prices for the next couple of years, some producers feel they can do no wrong. In times like these, even less-productive cows and mismanaged calves are likely to make a profit.
High prices are a welcome change for cattle producers, but it’s important to remember that higher prices mean mistakes cost more than when prices are low, says University of Missouri Extension livestock specialist Eric Meusch.
Profit margins briefly increase during the high part of the cattle cycle, but this is also when a lot of money can be left on the table through poor management, Meusch said.
April 22, 2024
