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Lafe Laroe

Chairman of the Texas Cattle Feeders Association and Director of Operations at Smith Cattle Company in the Texas Panhandle cattle feeding industry.

Aug 27, 2026

Clint Peck
Clint PeckCORRESPONDENT
3:46
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?
4:09
Sure.
4:10
Well, I mean, a- as you know, like, uh, you know, the cattle feeding business, it's like most margin-driven businesses.
4:19
We, we get, we have our ups and downs.
4:22
We've gotten to experience high record fat cattle prices this year, uh, which is absolutely the up.
4:28
Uh, the, the flip side of that is that it comes with record level replacement costs.
4:33
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.
Clint Peck
Clint PeckCORRESPONDENT
9:01
Mm-hmm.

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