Traverse City Record-Eagle

Archive: Friday

March 2, 2013

U.S. feedlots closing with fewer cows

WICHITA, Kan. (AP)— Years of drought are reshaping the beef industry as feedlots and a major meatpacking plant close because there are too few cattle left to supply them.

Some feedlots in major cattle-producing states have been dismantled, and others are sitting empty.

Operators say they don’t expect a recovery anytime soon, with high feed prices, much of the country in drought and a long time needed to rebuild herds.

For consumers, the impact will be felt in grocery and restaurant bills.

Amarillo broker Dick Bretz says most of the bad news is in Texas. That is where there are the most empty feedlots, the most interest in selling and the least interest in buying.

Most experts estimate the cattle feeding industry now has an excess capacity of 20 to 25 percent.

 

 

1
Text Only

Facebook
Twitter Updates
Follow us on twitter
Associated Press Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot