By Angus Brown | Source: MLA, USDA, LFMP, Mecardo
Last week Matt took a look at the United States Department of Agriculture (USDA) cattle price forecast updates, and fed them into a model. This gives us a prediction for the Eastern Young Cattle Indicator for the coming years. While we don’t know what costs are going to do, we can take a stab and work out how profitable southern cattle producers are likely to be over the coming years.
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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report.