Overall, the U.S. breeding herd has been trending lower as a result of the sow herd shifting to Canada and as a result of higher productivity.
More Quotes from Chris Hurt:
There are two concerns in U.S. cattle markets. First, theres the concern that we would lose beef exports.Chris Hurt
What we've seen with the mobility of labor, particularly from Mexico, has enabled that industry to stay in the United States. It's entirely possible that if labor had not been mobile that parts of the industry would have to moved to other countries like Mexico.
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
Summer prices may be a bit discouraging this year having averaged above 50 for the past two years.
Chris Hurt
Much like the beef herd, heifer retention for herd replacements was up 4 percent and will allow an increase in the number of milk cows by nearly 1 percent this year.
Chris Hurt
The financial tide finally turned to black in the spring of 2004 and has been on a winning streak ever since.
Chris Hurt
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