Texas and Southwestern Cattle Raisers Association
Cattle Industry Faces Crossroad of Supply, Demand and Drought
Fort Worth, Texas – Today’s rancher is faced with 3 major challenges: a looming financial crisis that is slowing consumer demand for beef, the lowest cattle supplies since the 1940s, and a lingering drought that has expanded to other parts of the country. What this crossroad means for the cattle industry and how ranchers will manage through these difficult times will be the focus of the 136th annual Cattle Raisers Convention March 22-24 in Fort Worth, Texas.
“Ranchers are headed toward an unprecedented crossroads that is sure to be a critical point in the history of the Texas cattle industry,” said Joe Parker Jr., rancher and TSCRA president. “The Cattle Raisers Convention will provide insight and analysis from industry experts on all 3 of these issues to ensure ranchers are prepared to operate their businesses well into the future.”
Economist Don Reynolds will address ranchers at the opening general session of the convention. Reynolds will talk about the global economy prior to, during and following the financial crisis as well as the course the U.S. can take and what role the cattle industry will play moving forward. The opening general session is Saturday, March 23, from 10:30 a.m. to 12:30 p.m.
Kevin Good, senior analyst for CattleFax, will talk more specifically about how the U.S. economic situation is affecting the cattle markets. He will discuss how the drought in the Midwest is affecting feed costs as well as the improving export markets and the continued contraction of the U.S. cattle herd. Good will speak Saturday, March 23.
Rounding out the discussion on drought will be climatologist Evelyn Browning-Garris. Browning-Garris will present her unique scientific research on past weather patterns similar to the current pattern, which will give ranchers an insight as to when the drought might end. Browning-Garris is scheduled to speak Sunday, March 24.
These speakers are in addition to the breakout sessions and School for Successful Ranching, all of which will provide in-depth education and practical tools to better equip ranchers for the issues they are facing and will continue to face in the future.
More than 2,500 ranchers and landowners will gather as part of the largest cattle industry convention and exposition in the Southwest.
TSCRA is a 136 year-old trade association and is the largest and oldest livestock organization based in Texas. TSCRA has more than 16,000 beef cattle operations, ranching families and businesses as members. These members represent approximately 50,000 individuals directly involved in ranching and beef production who manage 4 million head of cattle on 76 million acres of range and pasture land primarily in Texas and Oklahoma, but throughout the Southwest.