Oklahoma State University Derrell Peel says feed prices have brought up the issue of high liquidation rates once again. “Cattle prices are significantly higher now than they were this time last year. Revenue side looks good, but cost is going to be the challenge this year. Producers are going to have to figure out a way to manage these costs.” Peel says there are other ways producers can save money when feed costs are high besides reducing their herd size. “In general, feed costs are going to be the biggest factor. One strategy is just to need less hay, so put your emphasis on the grazing side. Start putting together a grazing management plan now so that you can need less hay and save some money.”
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