In its quarterly agricultural outlook, CoBank said supply chain disruptions and labor shortages are increasing costs. The supply chain problems are expected to continue well into 2022. The export situation remains a question mark for the short term as the Gulf ports are beginning to reopen. CoBank said beef packer margins remain at historic highs on a per-head basis. The supplies of market-ready hogs are very tight. After 11 months of expansion, dairy cow numbers declined due to high feed costs and rising construction costs.
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