UB Consulting: Has the Drought Shifted More Cattle to the Feed Lots?
Both farmers and ranchers throughout the country continue to battle extreme drought conditions—conditions that have persisted in certain areas of the country since 2000. At the same time, the amount of cattle on feed has remained at historically high levels for the latest five consecutive months. According to the USDA, June data indicated an increase of 1.2% percent above year-ago levels and at the highest level for that date since the series began in 1996. With drought conditions located in some areas...
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