That's going to be a wonderful opportunity for retailers to lower prices at the supermarket.
More Quotes from 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
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.
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
It is too early to tell from the data, but it will be interesting to watch in coming years.
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
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