L
Lafe Laroe
Chairman of the Texas Cattle Feeders Association and Director of Operations at Smith Cattle Company in the Texas Panhandle cattle feeding industry.
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APPEARANCES
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PODCASTS
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Aug 27, 2026
Business reality behind today's beef headlines
3:46

Clint PeckCORRESPONDENT
So before we get into some of the specific challenges and opportunities, uh, in the cattle feeding business in your neck of the woods, can you give us a little bit of a, like a 30,000-foot view of what cattle feeding's looking like in, uh, in, in TCFA country and, uh, uh, sort of, uh, where, where you see it from that vantage point?
L
4:10Laphe LaroeGUEST
Well, I mean, a- as you know, like, uh, you know, the cattle feeding business, it's like most margin-driven businesses.
L
4:22Laphe LaroeGUEST
We've gotten to experience high record fat cattle prices this year, uh, which is absolutely the up.
L
4:28Laphe LaroeGUEST
Uh, the, the flip side of that is that it comes with record level replacement costs.
L
4:33Laphe LaroeGUEST
And, you know, with, with these high prices, you've got things like, I mean, tripled capital requirements that are needed, you know, during these times.