News Filed Under Beef
PRAIRIE -- Squirrels and woollyworms aren't the only ones preparing for winter. Cooler temperatures signal the conclusion of hay harvesting and of planting time for winter grasses for Mississippi's cattle.
Although beef prices could be and have been worse, many cattle producers plan to feed their herds until spring, when better prices are more likely.
STARKVILLE -- After two years of nothing but bad news and no hope for relief in sight, cattle producers are finally seeing some positive signs that tomorrow will be better.
Dr. Charlie Forrest, extension agricultural economist at Mississippi State University, said the national cattle herd shrunk this year for the first time since 1990.
MISSISSIPPI STATE -- The cows may be mad in England, but in the United States, it's the cattlemen with reasons to be angry.
Dr. Charlie Forrest, extension agricultural economist at Mississippi State University, said fed cattle prices are down $6 to $8 per hundredweight from this time last year. Calf prices are down about $25 per hundredweight.
MISSISSIPPI STATE -- Depressed cattle prices are having a similar effect on producers. As prices reach their lowest levels since January 1987, most market watchers expect little relief until the national herd size starts decreasing around 1997.
Dr. Charlie Forrest, extension agricultural economist at Mississippi State University, said prices for the best 400 to 500 pound steers averaged in the low $70s per hundredweight during May. May 1995 prices are about 20 percent below year-ago figures.