High feed costs, created by the explosive growth of the fuel ethanol industry, will lower U.S. beef and broiler chicken output this year by a quarter billion lbs from earlier forecasts, the U.S. government said on Friday. Cattle, hog and poultry feeders say abrupt increases in feed costs -- predominantly corn -- are squeezing their operations.
The USDA said "relatively high grain prices will encourage cattle to remain on grass longer" and result in lower beef production.
Bonnie - could this be a blessing in disguise? Did I actually hear that cattle will HAVE to remain on grass longer? They should stay on grass longer...it is what they should be eating!!
The shortfall in meat and broilers can be easily remedied...go from supersized portion size to normal portion size!