Despite outside geopolitical circumstances and other disruptions causing market volatility, the cattle market seems to be holding up better than expected. Ben Hale, the owner of Western Livestock Auctions in Oklahoma, said beef prices are holding up despite the challenges.
“Despite everything, whether Trump and they are talking about beef needs to be cheaper, the fundamentals are still there that it’s going to be good. I think just moving through this is what everybody is just cautiously optimistic about, and not trying to get too rushed on what you’re doing, but I think it’s going to be pretty good. If we get past this. I think we still have some money to be made in these cattle.”
Some Southern cattlemen got good news this week with some much-needed rainfall.
Yeah, North Texas got decent rains, you know, some places an inch, an inch-and-a-half, and some places down there, like North Abilene, they got two to four inches. It wasn’t a big area, but down there, you go from Lawton and all the way down to Wichita Falls, boy, that wheat looks really good down there.”