Oklahoma State University Extension livestock marketing specialist Derrell Peel said the unexpectedly rapid and harsh adjustment in feeder cattle prices in 2016 has raised many questions about the status of the beef cattle herd expansion late in the year and beyond. Have changes in producer expectations altered herd expansion in 2016 and, more importantly, for 2017 and beyond?
On Jan. 1, 2015, the inventory of replacement heifers was a record 20.8% of the beef cow inventory, and be
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