SOME clear signs have emerged this week that the US beef industry production cycle is now starting to turn, following the effects of sustained drought across a large footprint of the nation’s cattle heartland last year.
As Beef Central regular US columnist Steve Kay reported in Cattle Buyers Weekly on Friday, January feedlot placements in US feedyards were the lowest seen since 2016. The national feedlot inventory on February 1 was about 4.2pc below the same time last year.
Elevated feed costs and deteriorating feeding conditions in some areas, accompanied by skyrocketing costs of gain…
