John Pfeiffer, Logan County Farm Bureau president and owner of Pfeiffer Angus Farms near Mulhall, Oklahoma, explained some of the challenges facing beef producers in a recent News9 story.
Low cattle prices, coupled with recent processing plant reductions, have taken a toll on ranchers across Oklahoma and around the nation.
“All of those things begin to have an effect on the price, and when they affect the price it begins to affect everyone’s bottom line,” Pfeiffer said.
Dr. Derrell Peel, an Oklahoma State University livestock market specialist, told News9 that cattle ranchers have experienced a 17% drop in prices since the beginning of the COVID-19 outbreak.
Despite the difficult times, Pfeiffer explained that agriculture is cyclical and things will eventually get better.
“We have this thing in agriculture it will always be better tomorrow,” Pfeiffer said. “Sometimes, it’s longer than tomorrow before it gets better, but it will eventually get better.