The CattleFax Outlook Seminar will be one of the many sessions taking place during the 2020 Cattle Industry Convention and NCBA Trade Show February 5-7 in San Antonio. And according to CattleFax CEO, Randy Blach, the U.S. cattle industry is facing a whole new ball game in 2020 noting that exports are an especially large part of the picture for producers.
“We anticipate that total protein exports, meat protein exports, in the U.S. will increase in excess of 2 billion pounds in 2020, That’s a big number. So again we’re going to have markets that are on their toes trying to figure this out. It will be a dynamic time over the next 12 to 24 months.”
Blach says something else that always affects cattle producers is the weather, which shouldn’t be as dramatic as it was in 2019.
“It looks like this year is going to be a much, much more average year. Not an extreme year. It was one of the wettest years over the winter, spring and summer of last year. We’re going to have an average, normal year this year. We think we’ll have a good crop during the spring, and already have large stocks. For the grain producers out there I don’t see a lot of good news that we’re going to see prices get substantially higher for grain producers. Which, for livestock producers means we’re going to have prices that stay in the same basic range they have been the last five or six years.”
The CattleFax Outlook Seminar is only one of the many valuable sessions being held during the 2020 Cattle Industry Convention and NCBA Trade Show. To learn more about the event and get registered, go to www.NCBA.org.