Cattle Industry: Bright Long-term Outlook
Extension.org
The cattle industry is ready to set records for high prices this year and next, said Purdue University Extension economist Chris Hurt.
"Although this is positive news for finished cattle prices, calves and feeder cattle still face the price-depressing burden of high feed costs. In the longer run, current high feed prices will keep the industry in a liquidation phase, and smaller beef supplies in coming years will be positive for returns for years to come," he said.
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