Demand for beef is high at the same time that cattle inventory is low — and ranchers are cautious about investing in growing their herds at a time of economic uncertainty.

Pitmasters are contending with high prices – while cattle producers are performing above their peers in the agricultural sector.

One of the industries that President Trump claims tariffs will positively impact is cattle and beef. This Oklahoma cattle rancher says the market is currently the best he’s seen it, but doesn’t know how long it will last.

Livestock producers were hit so hard by winter weather that the federal government offered relief funding to producers in a few Western states. But some ranchers are still waiting for that option.

Farmers have had a hard year with the pandemic, trade war and natural disasters.