Livestock farmers have had a rough couple of years with low prices and high input costs, but 2010 is looking better.
“We have had better prices for both hogs and cattle,” says Russ Euken, Iowa State University Extension livestock specialist, noting “2008 and 2009 were not good years from a profit standpoint.”
According to Ed Greiman, a cattle farmer near Garner and vice president of the northwest region of the Iowa Cattlemen’s Association Board of Directors, a lot of cattle producers lost as much as $100 a head last year.
“For cattle, last year was a tough year,” he says. “We lost a lot of equity.”
Volatile, high corn prices along with other factors led to high input costs for farmers.
To read the entire article, link here.