NEWS
Livestock Renaissance Ahead
Katie Micik DTN Markets Editor
Thu Feb 27, 2014 07:01 AM CST

OMAHA (DTN) -- Lower feed costs may spark a livestock industry renaissance and return to profitability, a team of Purdue University ag economists said Monday.

"It's not just the start of a good year for the animal industry, but an era," ag economist Chris Hurt said during a webinar hosted by Purdue's Center for Commercial Agriculture.

Feed costs are likely to remain at or below the 2007-13 average, providing hog and cattle operations with opportunities to stabilize their finances and expand their herds after several tough years. USDA's latest forecast pegs 2014 average prices at $3.90 and $9.65 a bushel ...

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