Calf prices are up significantly this year, and corn and hay prices are falling, while grazing prospects are vastly improved. Some areas are now talking about having twice their normal annual rainfall. In fact, producers are talking about having grass like they haven’t seen in more than 20 years.
Admittedly, there are still some areas where drought maintains its stranglehold, but the areas affected are growing smaller. Of course, eight weeks of rain doesn’t wash away all the effects of three years of widespread drought, but the level of improvement has surprised even the most hardened cynics.
It actually looks like the industry is heading into a fall like we have been expecting for the last four years!
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