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Feed Costs Plague Cattle Producers, Relief Possible this Fall

Posted May 18, 2023
in Top Ag News

U.S. cattle production remains a challenging cycle impacting most producers. A lack of hay and forage due to drought, excessive feed and input costs and demand concerns continue to plague cattle producers. However, the latest Supply and Demand report from USDA offers some hope that input costs may soon start to fall. USDA is projecting $4.80/bushel for corn prices this fall, compared to the $6.60 producers paid this year.

But hay prices won’t follow suit, maintaining the pain point they’ve been for most U.S. cattle farms and ranches. This week’s Cattle on Feed report will shed some light on how the industry is reacting.

Read more on the state of cattle production here.

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