Most Active Stories
- Growing sagebrush and other native seed: Crackpot idea or lucrative business venture?
- Wyoming missed out on last uranium boom, but planning for the future
- South Africans strive to limit damage to landscape as elephant populations grow
- Wolf trapping raises concerns about trapping the wrong animals
- Study finds BLM’s wild horse management practices are flawed
On Air Staff and WPM Interns
Fri March 25, 2005
Ranching Future Bright?
Laramie, Wy – There are indications that the U-S cattle
industry is entering an expansion phase.
But University of Wyoming Ag Marketing Specialist Chris Bastian
says he expects prices probably will remain strong for at least the
next two years.
Beef prices have been among the highest in recent memory.
He says slaughter steer and slaughter heifer prices will probably remain at about last year's levels.
Calf prices also should remain solid, although Bastian estimated
they would be eight to 12 percent below the record levels seen in 2004.
Jim Magagna of the Wyoming Stock Growers Association detects a cautious attitude among many ranchers who reduced their herds due to the ongoing drought.
He says one problem is that the cost of buying replacement cattle is high right now.