The current phase of US beef herd expansion is not expected to last as long as the last rebuild period in 1990-1995.Diminishing ranch returns, both on finished cattle and calves could thwart a “fast start” to US beef herd expansion, a leading agricultural economist has suggested. Less “profit stimulus” compared to the past twelve months “will likely slow” growth, which has seen a 2.5 per cent lift in the beef cow inventory, according to Professor Chris Hurt, University of Illinois. The figures come from a USDA producer survey highlighting the recovery that has taken place since the second half of 2014. Higher beef supplies and. Read more...
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