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Cattle cycle skids to a stop.(Livestock/Poultry)
Feedstuffs
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July 30, 2007|
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At A Glance
* Corn costs, drought throw cattle herd into liquidation.
* Feeder and fed supply, weight situations to create demand issue.
* Cattle trade too slowly to establish prices
SOME cattle cycle. The midyear cattle inventory report left no question that the cattle cycle that began in 2005 with a cautious, modest expansion after the longest liquidation in history has now reversed, ending in less than two years on the shortest expansion in history (Figure).
[FIGURE OMITTED]
The report, issued July 20, showed that the ...
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