However, for hogs and poultry, the question is whether the increased price of corn will be offset by added value in the feed product that is returned. If not, this could mean some restructuring of the location of the U.S. and world animal industries. This appears to be particularly true for the eastern Corn Belt and the southeastern United States where hog, poultry and dairy are more dominant.
More Quotes from Chris Hurt:
Integrated hog operations tend to like to have their own feed-milling capacity. They tend to locate hogs generally within 50 to 60 miles of that feed mill.Chris Hurt
The National Weather Service is calling for intensification in that area and broadening of the drought into the central Plains and western Corn Belt by this spring.
Chris Hurt
For Illinois, current cow numbers are 20,000 larger than those of three years ago and Ohio has added 37,000 cows in the last three years. Indiana, however, has seen beef cow numbers decrease.
Chris Hurt
Beef producers continued to expand the breeding herd for the second year. Beef cow numbers increased by 1 percent during 2005 after a small rise in 2004. The total number of cows increased by 338,000 head and the increase was concentrated in the western Corn Belt, where Missouri increased by 115,000 cows and Iowa by 40,000.
Chris Hurt
There are two concerns in U.S. cattle markets. First, theres the concern that we would lose beef exports.
Chris Hurt
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