WICHITA, Kan. — Consumers can expect to pay more for their beef this coming year if the return of wetter weather allows cattle ranchers to begin rebuilding herds rather than sending cows to slaughter, a leading market analyst told hundreds of livestock producers Thursday.
Cattle prices will likely remain strong for many years, Randy Blach, the executive vice president of CattleFax, said at the Kansas Livestock Association's convention in Wichita.
Blach said that the number of females slaughtered could drop by a million cows during the next two years as the industry goes from liquidating herds to expanding them.
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