date:Jul 31, 2012
l decrease by about 500,000 head. This is compared to a 900,000 decrease a year ago, so we are seeing a liquidation, but at a slower pace than last year.
Although the ongoing drought has the US beef industry concerned, there is reason for optimism, Good said. To date, consumer demand for US beef is still strong with solid retail and foodservice sales. As long as consumers continue to demand beef, cattlemen are given reason to remain in the cattle business and avoid liquidation.
Cattlemen are f