Big drop in beef production predicted

By this time next year, beef production in the United States could be as much as seven percent below current levels.
That’s one of the predictions by ag lender Rabobank in a new report entitled “Where’s the Beef?”
Rabobank global strategist David Nelson says the drought in the southern U.S. will result in “a dramatic decline” in beef production by mid-2012.
“The drought in Texas and the surrounding area is obviously causing major herd liquidation, which means a lot more beef

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