date:Aug 07, 2012
, if you're in a position to hang on to current herd numbers, you could position yourself fairly well for when the drought does eventually break.
The message for cow-calf producers is to hold on to the cows if possible. The short-term losses of the next 12 to 14 months will be replaced by large profits in late-2013, 2014, and 2015, Hurt says. These anticipated 'golden' days are based on continued reductions in per capita beef supplies which will mean higher-and-higher retail beef prices.
And, th