A livestock economist says the USDA’s first look at prices for the 2018-2019 crop year isn’t great news for livestock producers.
University of Missouri’s Scott Brown says input costs are projected to rise. “The USDA has raised its corn price by about $.50 for the 2018/19 crop year, relative to what their long-term baseline would have said earlier this year,” he says. “The USDA has also increase soybean meal prices in this first 18/19 look by $25 per ton.”
And, he says, so is meat production.
Continue reading 2019 could squeeze livestock profitability even more at Brownfield Ag News.
