Two consecutive years of drought forced cattle producers to liquidate their herds. University of Nebraska Extension Livestock Economist Elliott Dennis expects feeder supplies to shorten when producers start to rebuild their numbers. “If we’re having a lot of herd liquidation and accelerated beef cow slaughter that means feeder cattle supplies are going to be tight.” Dennis does not expect the size of the cattle herd to reach the lows of 2014 and 2015 unless a third year of drought forces more liquidation. “If we continue to have beef cow liquidation in 2023, then we’ll definitely get to the 2014 dynamic, but you need to adjust for inflation.
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