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feed costs

Dr. Stephen Koontz, Colorado State University, talks about the economics of the fed cattle markets and the issues with thinning cash trade. Dr. Koontz's key take aways: "Free markets are not free": markets require and consume resources and are expensive.

Dr. Koontz suggested that producers need to make market function & survival the result of an industry-level decision & not something that "just happens".

Grains and Livestock Economic Outlook - Dr. Steve Meyer, Paragon Economics, from the 2013 World Pork Expo, June 5 - 7, 2013, Des Moines, IA, USA.

Dr. Steve Meyer, Paragon Economics, says key issues in coming months will be input and production costs; demand; output levels for 2013 and 2014; and prices and margins.

He reminded people that in 2012 he said if it rains we have $4 corn and if it doesn't we have $8 corn - and that everyone heard the first part and nobody heard the second part. In summary Dr. Meyer says that corn belt rains have been good, now we need some warm dry days.




Controlling the Cost of Beef Production Through Improving Feed Efficiency - Dr. Rod Hill, University of Idaho Department of Animal & Veterinary Science, from the 2012 Annual Conference of the National Institute for Animal Agriculture, March 26 - 29, Denver, CO, USA.