Despite anticipating record-high calf values, the beef industry will start feeling the pinch of tight fed cattle supplies coming in the next year, Kevin Good, vice president of market analysis at CattleFax, told attendees at the 2024 CattleFax Industry Outlook Seminar, held on Feb. 2.

So many of us were still waiting, hoping and assuming that the turn of summer into fall would bring the only thing we could practically fathom: higher market prices for beef cattle.

In the realm of cattle feeding, navigating a bullish market can feel much like riding a bull – thrilling, swift and inherently risky. But for those equipped with the right financial tools and strategies, this volatility can be beneficial.

We’ve all heard the Benjamin Franklin quote, “Don’t put off until tomorrow what you can do today.” It’s the phrase most hated by procrastinators.