My previous post earlier in June talked about how the economic crunch facing dairy farmers, generated by record-high feed and fuel costs, prompted NMPF’s Cooperatives Working Together to sponsor its fifth herd retirement program.
Well, judging by some of the reaction just here on AgWeb, you would have thought we were plotting highway robbery. There was a mix of misinformed and uninformed reaction, along with other strident opinions, that it wasn’t prudent to voluntarily reduce the nation’s dairy cattle herd in response to oppressive input costs.
And then a funny thing happened: other players in the livestock sector talked about doing the exact same thing as the dairy industry’s
This recent story about the woes of Smithfield, one of the largest pork and beef processors, strikes a similar tone, as CEO Larry Pope directly talks about reducing its sow population due to the input cost crunch.
So I hate to say I told you so, but since this is a blog, and that’s what I do…I will. And I’ll repeat it again: this is a huge trend, and
The nice thing about
FOOTNOTE: Two days after this post first appeared, lo and behold, another story materializes about another poultry processor, Sanderson Farms, cutting back expansion plans because of high feed prices.