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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 22, 2024
An Agriculture Department survey reported a record high cattle inventory for the beginning of May, but feedlot placements are declining and could be showing the early days of a contraction in the cattle cycle.
New forecasts for strong production, uncertain demand, high stocks, weaker prices and higher feed costs paint an “unsettled” outlook for the U.S. dairy sector in 2021, according to a new USDA report.