Low margins on U.S. dairy farms pushed a lot of cows to slaughter in 2023, but cow numbers now seem to have stabilized, an industry analyst says.
Cow slaughter rates were high throughout most of 2023 compared with previous years. That lines up with milk prices not being all that great, said Kyle Schrad, vice president of global dairy and food operations with Stone X Financial.
“It makes sense when you have low margins, negative margins, that producers are going to be very, very aggressive about sending those cows to slaughter,” he said during a commodity perspectives webinar this week.
By CAROL RYAN DUMAS
Dec 2, 2023
www.capitalpress.com
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