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Lowest US cow/heifer inventory since 1941.
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<blockquote data-quote="Tim/South" data-source="post: 1110623" data-attributes="member: 17986"><p>I do not believe the numbers will ever completely return. Aging cattle producers got out while the getting was good. Their children have no interest or knowledge in cattle production.</p><p>I also read on a farming forum where many areas lost their grass to drought, sold their cattle cheap, did not have the capital to buy back or plant pastures. They went to corn or beans.</p><p>With the price of heifers right now the people I personally know are not retaining.</p><p>For years the price of beef has been just above break even for the cow/calf, stockers and feed lots. Things have changed. The packers and retail industry is the only place left to adapt. Their profits have been guaranteed. Not so any more.</p></blockquote><p></p>
[QUOTE="Tim/South, post: 1110623, member: 17986"] I do not believe the numbers will ever completely return. Aging cattle producers got out while the getting was good. Their children have no interest or knowledge in cattle production. I also read on a farming forum where many areas lost their grass to drought, sold their cattle cheap, did not have the capital to buy back or plant pastures. They went to corn or beans. With the price of heifers right now the people I personally know are not retaining. For years the price of beef has been just above break even for the cow/calf, stockers and feed lots. Things have changed. The packers and retail industry is the only place left to adapt. Their profits have been guaranteed. Not so any more. [/QUOTE]
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Lowest US cow/heifer inventory since 1941.
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