Producers Worry About Lack Of Feed and Bedding Come Fall
AgDay National Reporter Betsy Jibben talks with John Metzger, a dairy farmer from Kimmell, Indiana and Marcelo Oberto, an independent dairy consultant.
Corn and soybean producers aren’t the only ones feeling the squeeze of wet weather. Cattle and dairy producers are left wondering what this means for their access to feed, and how soon they should lock in inventory.
Shares in meat companies like Tyson Foods Inc. and Pilgrim’s Pride Corp. have been rallying. Now a spike in corn and soybean prices is fueling the biggest selloff of the year.
Debt-to-asset ratios are on the rise, working capital is eroding and farmers’ sentiments are on the decline. Despite the negativity surrounding prices and outlooks, Famer Mac is providing a voice of optimism.
