ANALYSIS - Sharing expectations for prices moving into 2016, Missouri cattle producer Wayne Vanderwert says cattle prices have been extremely high due to lower cow numbers because of the drought and the cattle cycle.
"We always joke in agriculture that nothing cures high prices like high prices because we will start producing more," said Mr Vanderwert. "I really think that we've begun the most rapid herd expansion that we've ever seen."
Wayne Vanderwert, US cow-calf producer, shares his expectations for cattle prices going into 2016 with Sarah Mikesell, reporting for TheCattleSite.
Mr Vanderwert said he expects a large spring calf crop, and when those calves are weaned in the fall (of 2016), there will be an apple supply of calves to go into the feedlots.
"Feeder calf prices are going to be lower and eventually seed stock prices - those prices that producers are willing to pay for bulls - will be lower too; they'll follow the market," he said.