WICHITA, Kan. (AP) - A market analyst is warning Kansas ranchers not to get too comfortable with the record high cattle prices they have been enjoying recently.
CattleFax Executive Vice President Randy Blach told producers attending the Kansas Livestock Association convention in Wichita that they can continue to make good profits in the coming years. But he says cattle prices will soften amid more competition next year from pork and poultry as the nation's cattle herd expands.
He says this year's all-time high cattle prices were driven by a perfect storm. Rainfall broke the drought across much of the country's major cattle producing areas, while cattle profitability sparked a herd expansion as ranchers held on to their animals. Production of competing meats like pork and poultry were also down this year.
© Associated Press
MOST VIEWED STORIES
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
One injured in Nemaha Co wreck
Wetmore man arrested on child sex-related charge
Walnut Township Treasurer removed; votes unofficial until canvass
Rural Horton man arrested on multiple drug charges
Street lights to be discussed at Monday city meeting
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
TX man to stand trial on charges in fatal Jackson Co crash
Local judge files for re-election
Atchison in running for national fireworks honors
Truck fire at CGB facility in Falls City
BC's Pate remembered by students, college family
Bridge work begins Wed in Doniphan Co
LATEST STORIES
U.S. 36 work in Doniphan Co to impact motorists
Senator Ricketts staff to visit Falls City and Auburn
Richardson County Sheriff provides updates to Commissioners
Services set for Effingham woman killed in crash
Marshall Co Commissioner files for re-election
Contested races in Tuesday Primary Election in Nebraska
One hospitalized, one jailed, after Atchison attack