Speaking at the recent National Cattlemen’s Beef Association Cattle Industry Convention, Randy Blach, CattleFax CEO, shared how value-added programs paying high premiums have boosted beef demand and spread wealth throughout the industry. Driven by premiums and value-added programs, CattleFax forecasts show strong price growth for calves, feeder calves, fed cattle and bred cows in 2022.
Source: Progressive Cattle, February 10, 2022. Link. Blach said that value-added programs fuel $1 billion per year into the industry, and changes that create imbalance are a warning.
INSIGHTS: Value-wadded programs focus on optimizing animal health and timing production practices to stages in animal development and growth. Reducing risk of illness, stressors and optimizing nutrition all increase potential revenue for producers.