Herd consolidation seems to be the main point being plugged right now as the total herd population of beef cattle is dropping and will continue to drop well into next year. This mirrors the 2014 cattle year where we had a steep downturn in total US herd.
Next year will be more of the same with a general degradation of total population. Here are the factors:
Severe drought has brought about pasture shortages. Lack of rain in the western parts of the country have left scorched plains of barren land that are hard pressed to support a herd of any size, unless the stockman can afford supplementation to hay or feed from either high-priced silage or hay that must be trucked in at high transport prices. Once sustenance is addressed, there is a thirdRead More »