Cheap Grain Impacts Stocker Prospects
Derrell S. Peel
The primary function of markets is to figure out what gets produced and what resources are used to accomplish that production. While broader supply and demand forces determine what gets produced and how much is produced, the question of how to produce is particularly tricky in the cattle industry. The ruminant biology of cattle provides tremendous flexibility in how cattle are produced but also means lots of challenges to figure out how to produce cattle most competitively.