Dr. Curt Lacy (UGA)
Calf prices have continued their meteoric climb. Since the first of the year, 500-600 pound calf prices have averaged almost $125 per hundredweight. For some perspective, this is 27 percent higher or $26 per hundredweight more than for the same time period last year. More importantly, these higher prices translate into almost $150 per calf more than just one year ago.
Going forward, cattlemen can be encouraged by the tight supplies that are supporting these prices. However, there are concerns about the impacts of impending higher beef prices and creeping consumer inflation. As a result, cattle producers should continue to keep an eye on markets as well as corn and crude oil prices.