2008 a brutal year for cattle ranchers
Laramie, WY – 2008 will go down as the worst year in the past decade for cattle ranchers. That's according to recent analysis by the Livestock Marketing Information Center in Denver. Director Jim Robb says this fall calves fetched the lowest prices since 2002. Plus, he says, "the cost of hay, the cost of fuel, were major concerns of ranchers this last year."
Many ranchers are looking into wind development and mineral leases to supplement their income. Robb says fuel and hay prices should go down in 2009, but ranchers will continue to struggle. He predicts cattle prices won't rise until 2010.