My View From The Country

Supply Fundamentals Strong; Demand Is Another Issue

The latest cattle-on-feed number was down 6% compared to a year ago; placements were down 5%. Meanwhile, marketings were 9% below last year and 12% below two-year-ago levels. Cattle inventory numbers are tight, supplies are tight, and will remain so in the short term.

This market has been demand-driven ever since the financial meltdown; even then, it’s more about demand concerns than actual demand. With the auto industry buyout, layoffs and unemployment numbers dominating coverage, it isn't surprising that attitudes are bleak. Despite comparisons to the Great Depression, I wouldn't bet against the American economy or the American worker.

What's My View From The Country?

As a fulltime rancher, opinion contribur Troy Marshall brings a unique perspective on how consumer and political trends affect livestock production.

Contributors

Troy Marshall

Troy Marshall is a multi-generational rancher who grew up in Wheatland, WY, and obtained an Equine Science/Animal Science degree from Colorado State University where he competed on both the livestock...

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