ST. ONGE, S.D. (AP) — South Dakota ranchers are enjoying a regional rise in prices for live cattle and feeder cattle.
The St. Onge Livestock Auction’s Ron Frame said feeder cattle prices have jumped about 20 percent over the past year, and cow-calf producers are seeing the benefits.
Frame says some of the reasons are cattle numbers are down, there’s a lower dollar and Asian markets have improved.
Many ranchers at a recent auction sale say that times are good, and some are calling it a new golden age of agriculture.
A few worry, though, some may expand too much and a sudden downturn in the markets might ruin many farmers and ranchers the way it did 30 years ago.