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Sunday, December 20, 2015

Cattle drive Montana's strong agriculture economy | Business | billingsgazette.com

Cattle drive Montana's strong agriculture economy | Business | billingsgazette.com: In Montana’s $3-billion-a-year agriculture economy, when markets are bullish, there are real cattle involved.

For the fifth year in a row, Montana calf sales are hotter than a red iron brand. Prices for quality calves are double what they were seven years ago. Analysts say there simply aren’t enough cattle to keep up with world demand for beef and likely won’t be for years. It hasn't been since the early 1950s when the U.S. Department of Agriculture record books showed fewer cattle.