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2012 Cattle Cycle Book

Basis Estimates, Monthly Average Prices and Slaughter Facility Information

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A cattle cycle exists because of the accumulation and liquidation of cattle inventory. Accumulation is a period of increasing cattle numbers, while liquidation is a period of decreasing cattle numbers. Cattle producers expand and contract their herd size in response to cattle prices or profits as weather and external factors permit. As prices increase and more profits are made, producers begin to increase their herd size.

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Dan Childs serves as a senior agricultural economics consultant at Noble Research Institute. After receiving his bachelor’s and master’s degrees in agricultural economics from Oklahoma State University, he served in the United States Army by working in the Pentagon. Before joining Noble in 1978, he spent time with the U.S. Department of Agriculture and Oklahoma State University Extension service. He and his wife own and operate a small stocker operation.

Steve Swigert
Agricultural Economics Consultant (Retired)