
Oklahoma ranchers are reporting a rise in cattle theft, with a Beaver County stockyard hearing of eight to 10 cases in 45 days versus one or two per year normally. Cattle values are high, with a 500-pound calf worth roughly $2,000 to $2,600, though prices have recently started to dip.
Producers say replacement costs are eating into margins.
High cattle values and tight herd conditions drive the theft rise, but the recent softening in prices and higher input costs could cut producer margins. The story describes market conditions rather than a new supply shock.
Not enough comparable past events yet for a historical read.
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