Chasing Rabbits Wasn’t Fun and Other Wisdom from Randy Blach
Forty years ago the beef market was “a train wreck,” says Randy Blach, CEO of CattleFax. Beef demand dropped by $250 a head, and hundreds of thousands of cattle producers exited the business.
So, how did we get to 2022? Last year, the United States had the highest total beef production in the history of the industry and yet the widest spreads (Choice-Select, Prime-Choice and Certified Angus Beef-Choice). Beef demand is alive and well.
Yet, as cow herd numbers decline, these next few years will be “separating years” for seedstock breeders. Time to up your game.
HOSTS: Mark McCully and Miranda Reiman
GUEST: Randy Blach
Randy Blach, CattleFax CEO, has worked as a beef market analyst since first joining the organization in 1981. A Colorado native and Colorado State University alum, Blach is still actively involved in his family’s ranching operation. A sought-after speaker, Blach’s strength is in making economics relatable, practical and useable to the cattlemen he serves.
Related Reading: The Cattle Market Teacher: https://www.angusjournal.com/ArticlePDF/0822-FQF-award.pdf
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