"With record-high beef prices, it's a great time to be in the cattle business," says Scott Brown, University of Missouri beef economist.
The outlook shows a $250 return/cow in the coming year. In the previous beef cycle, returns topped at under $100/cow.
"We've never seen anything like current prices," Brown said. "Before you go home and double the size of your cow herd, remember the cattle cycle," Brown said.
When cow numbers go down, prices go up. However, when numbers go up, prices go down.
To read more about beef prices, click here.
More articles to enjoy:
70+ Photos Honor The Hardworking Cowboys On The Ranch
Take A Virtual Feedlot Tour Of Dean Cluck Feedyard
15 Photos That Honor The Generations On The Ranch
State By State, Momentum To Raise The Checkoff Is Building