Corn prices hit all-time highs in the last year and margins have tightened up for livestock producers. Livestock Marketing Information Center Director Katelyn McCullock says it’s been difficult for livestock producers to make ends meet. “Anyone who is in an area that typically feeds corn for grain, they’re probably in a little bit of trouble. There’s not a lot you can do with the ration with wheat and sorghum also at high prices.” McCullock says the drought just adds to the pressure to find affordable intake. “The drought in the Southern Plains is what we’re watching very closely. The volume of cow slaughter moving through is close to 20 percent above a year ago; that’s an incredibly fast pace.”
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