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The nation hasn’t seen such a small beef cow herd in decades. Now many producers who survived the recent drought are focused on rebuilding. The question is, how long will it take?
Cattle feeders have been fairing alright with higher live cattle prices, but packers aren’t doing so well.
Data indicates continued strong consumer demand for beef, both domestically and for exports.
JBS SA, the world’s biggest meat producer, exceeded analysts’ estimates to post record quarterly profit on surging cattle prices and lower feed costs.
Less beef production but prices should continue to rise, according to USDA.