Beef Demand is Still the Key

Beef Demand is Still the Key

Derrell S. Peel

TSCRA

The continued worsening of the drought has cattle markets on the defensive in just about every respect. Loss of forage and reduced hay production is causing early feeder cattle sales and additional cow culling. The signs of additional beef herd liquidation are everywhere; the mid-year total cattle inventory is down 2 percent while the beef cow herd is down 3 percent.

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