Following two years of tough economic times for livestock producers, 2010 is shaping up to be a much better year thanks to an improving economy and tighter supplies of beef, pork and poultry.
“Livestock producers have seen a return to profitability in the past two months after going through probably the worst economic situation anyone can remember in 2008 and 2009,” said John Anderson, livestock economist with the American Farm Bureau Federation. “This is certainly good news for livestock producers because it provides a good opportunity to rebuild equity.”
The Agriculture Department released its initial assessment of the U.S. and world crop and livestock supply and demand estimates last week. USDA also released its first calendar-year 2011 projections of U.S. livestock, poultry and dairy products.
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