Perhaps this is signaling a reversal of the longer-run trend of the breeding herd moving away from the eastern Corn Belt. In 1990, 27 percent of the U.S. breeding herd was in the eastern Corn Belt. That portion declined steadily to a low of only 17.2 percent in 2004.
More Quotes from 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
That's going to be a wonderful opportunity for retailers to lower prices at the supermarket.
Chris Hurt
I think the reaction on the consumer side will be relatively mild.
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
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
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
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