This fall is proving to test the real intestinal fortitude of the cattleman in the United States and Canada. With feeding losses mounting and demand not recovering in the early winter months, the outlook looks extremely strained. Traditionally cattleman have been internal optimists but this turn of feeding has challenged all of that and more. With ranchers, feeders and packers losing money the industry is looking for answers from government, ALMA, and the industry.
Cattle on feed numbers are strong and feed grain prices have held in the face of some very bearish tones through the late summer and fall. Is there anything that can save this turn in the United States and Canada?