Livestock Producers Look To 2013, Leave 2012 Gladly
2012 was a tough year with high feed costs for live stock producers.
Agriculture Department Chief Economist, Joe Glauber says that won't improve overnight. He says many producers will be trying to hang on until spring hoping to sense if 2013 will be a better weather year for crops and bring feed prices down.
"That's not insignificant, I think, for producers. I mean they'll be looking ahead and they'll be able to see what corn futures are trading for in November. So I think that will effect intentions."
Glauber says good prospects for lower feed prices might have producers thinking expansion, but if it's another year like 2012, who knows.