Beef production is expected to keep expanding in 1996, meaning more bargains for shoppers but trouble for the cattle industry, the Denver-based National Cattlemen’s Association says.
“A year of slim returns for cattle feeders and substantial losses for most returns for cattle feeders and substantial losses for most cow-calf operators is expected,” said Bob Drake, president of the organization.
The association says production will climb 3 percent in 1996, rising from 25.1 billion pounds this year to 25.9 billion. Consumption will reach 68 pounds per person, up from about 69 pounds.
Production of other meats, especially poultry, will also rise, holding down prices.