Profits Expected For Dairy, Beef Sectors Says Perry

As we continue our Northwest Farm Credit Services Quarterly Snapshot, we turn our attention to livestock.  Bill Perry, NFWCS Vice President, said their 12-month outlook suggests profitability throughout the beef sector.

 

“Slaughter facilities are very profitable as they remain in a position of leverage over producers. Cattle feeders will be break-even to slightly profitable with variation based on risk management strategies. Cattle producers are expected to be slightly profitable as strong demand for beef is coupled with peak cattle inventory.”

 

When it comes to dairy, Perry said the NWFCS expectation over the next year is slightly profitable returns.

 

“Futures markets suggest slightly profitable, stable milk prices in 2020. This comes as milk processors take a more active role in supply management.”

 

Join us Wednesday as we reach the halfway point of our weeklong series with tree fruit, Apples and Pears.

 

 

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail [email protected]

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