Outlook of high cattle prices headlines convention
Associated Press - November 29, 2014 6:30 pm
The U.S. Department of Agriculture's National Agricultural Statistics Service says the number of cattle on Kansas feedlots has risen 2 percent in the past year to about 1.94 million. The Topeka Capital-Journal reports USDA statistics also show that overall cattle inventories across the state have grown.
Cattlemen from across Kansas will be converging in Wichita next week for the annual convention of the Kansas Livestock Association amid all-time high cattle prices.
The three-day event that begins Wednesday touches on nutrition, cattle markets and retail sales.
Thursday will feature a presentation from CattleFax Executive Vice President Randy Blach talking about the cattle market outlook.
He will analyze on Thursday the factors behind the record prices along with a prediction for how long that profitability might last. He is expected to also discuss the rate of expansion of cattle herds and what that bodes for beef supplies.
Walmart executive Brittni Furrow is on tap Friday to explain her company’s global approach to sustainably produced food items and is expected to talk about where beef fits in it.