Colorados livestock industry revenues were not

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: cted to improve in 2011, but they grew substantially. For fed cattle, the 2011 projected average price of $96 for steers and heifers turned out to be far below the current estimated average price of $120 per hundredweight actually received. Colorado also bucked the national trend of a shrinking cattle herd and instead added cattle on feed coming from drought-stricken states. Fed cattle marketed in 2011 in Colorado are now 2012 Colorado Business Economic Outlook estimated to be 10% above the number of head marketed in 2010. As a result of unexpectedly high prices and increased numbers on feed, cash receipts for cattle and calves reached an estimated record level of just over $3.5 billion. Cash receipts for cattle and calves are anticipated to grow marginally, to $3.6 billion, in 2012, with a projected average annual price of around $125 per hundredweight. Export demand for cattle and beef is likely to continue to grow and benefit Colorado more than perhaps any other state due to the state’s high efficiency feedlots and processing facilities that can respond to demand for increased export shipments. Colorado is attracting and developing more high ef...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online