It’s not the brightest, but Food and Agriculture Policy Research Institute co-director Scott Brown says the economic outlook for livestock producers is better than it was in 2009. The bad news is that dairy producers are likely in for further rough times because the dairy herd actually increased, positioning the market for greater supplies until mid-summer. He also says expanded production infrastructure for dairy and hog operations make it difficult to pare down supplies. Cattle feeders could see record prices, he says, but continued high feed costs will keep profits in check.
AUDIO: Scott Brown (3 min. MP3)
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