A recent round of USDA numbers in regards to the number of cattle in feedlots offered little for major surprises but still managed to contain one nugget of an unexpected element.
The ongoing mega-drought in Texas has left cattle raisers with a tough decision to make: sell cattle early at a lower price or hold on and pray for rain at the risk of losing everything. The [.]
The United States Department of Agriculture (USDA) recently released the July Cattle Report, which confirmed that the cumulative effects of drought the past two years have accelerated liquidation [.]