Cattle production is one of the most important industries in the U.S., accounting for $78.2 billion in cash receipts during 2015. This represents 21% of the U.S. Department of Agriculture’s (USDA) Economic Research Service’s (ERS) forecasted total cash receipts of $377 billion from agricultural commodities in 2015. Corn was the second largest cash receipt, forecasted at $47.2 billion in 2015.
According to the USDA’s “Overview of the U.S. Cattle Industry,” released June 24, modern b
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