The following information was released by Purdue University - West Lafayette:It costs a lot more this year to feedmeat animals corn and soybean meal than it did just a few years ago. By the end of 2011, meat eaters will be forking out more money, as well, a Purdue University agricultural economist says.Rising grain prices are pushing feed costs higher for U.S. livestock producers, said Chris Hurt. With feed making up as much as 60 percent of a livestock producer’s costs, beef and pork producers are expected to reduce their herd sizes or leave them unchanged next year. Poultry farmers could increase production slightly.
November 19, 2020 11:32 PM
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