The USDA’s latest cattle inventory report revealed the smallest cattle herd since 1951.
While that could lead to higher prices for beef producers, Total Farm Marketing shares what it means for dairy farmers.
“In theory, if you look at the dairy industry and see that the shift over the last several years has been to more dairy-beef production, yes, that’s good for dairy producers. But does it take cows out of the production cycle to get that kind of reduced herd to push prices higher? That’s the million-dollar question. And so, you’re still dealing with an industry that continues to consolidate. You see smaller farmers moving more to the wayside. That’s just the nature of it right now,” said Bryan Doherty.
February 08, 2024