Many cattle feeders and dairy owners have been able to buy their feed at low prices lately, but they are also making less off the milk and meat they sell.
Rick Podtburg of Long's Peak Dairy in Pierce, Colo. told The Greeley Tribune that it's been a net neutral effect: The depressed commodities market has made it more affordable to feed animals, but the price of milk has also gone down.
Magnum Feedyard owner Steve Gabel says his industry has also lost value in the marketplace, but the less expensive feed helps.
Other farmers say the lower grain prices have had a definite positive impact on their operations.
Colorado Livestock Association CEO Bill Hammerick says some ranchers may not be seeing a change in revenue because they overpaid for cattle or are overfeeding their animals.