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