A question received this week was if I thought the cattle market was taking the shape of 2014 and 2015.
First, the skyrocketing of prices in 2014 and 2015 seem like yesterday, but that was eight years ago. Second, there are several similarities in today’s environment and what led up to the record cattle prices of 2014 and 2015. Third, I hope it is not a repeat of that time period.
Drought in cattle country from 2011 through 2013 is what precipitated a smaller cattle herd in 2014 and thus led to higher prices. Severe drought in…
