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Ag Economy Barometer: Farmers expect beef and dairy herd to shrink

Farmers surveyed in the Purdue

University/CME Group Ag Economy Barometer predict the size of beef and dairy

herds are likely to decline in 2019.

Eighty-three percent of

respondents said they expect the dairy herd to shrink and more than 60 percent said

the beef herd will shrink in 2019.

“And I think that reflects the mixed view out there with respect to profitability in the beef sector at the cow-calf level,” he says.

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