Change is coming…also in the feed industry

What a difference a few months make. Last October, it went relatively unnoticed that the US fat cattle market corrected about $20/cwt over the course of 30 days. While the beef finishing industry had been dealing with mediocre returns for most of 2008, no one expected to go from a tight break-even position to losing over $250/head. Then comes December. Dairy producers in the Southwestern US (my current trade area) were making about $2.00-$4.00/cwt for most of 2008. In the course of about one m