Pasture Deterioration Increases Beef Production
US - The recent World Agricultural Supply and Demand Estimates from the USDA increased the beef production forecast for 2012 as deteriorating pasture conditions are expected to increase placements in feedlots.
13 July 2012
1 minute read
Feedlots have been under increasing pressure of late, with many making a loss.
The WASDE report highlighted that drought will cut this year's corn crop by 20 bushels per acres, further lowering the estimate for corn crop production this year.
With prices already pushing $7 per bushel, there is little relief for feeders.
The report reduced beef production slightly for 2013, as the earlier placement of calves in 2012 results in a small adjustment to early 2013 marketings.
Increased placements in the short-run and higher costs of feed are expected to dampen weight growth in 2012 and 2013.
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Further ReadingYou can view the full report by clicking here. |
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