51. Lower feed costs made it more profitable for farmers to raise hogs to market weight, leading them to increase their herds. 52. Lower feed costs boost demand for feeder cattle by making it more profitable to raise the young animals to market weight. 53. Lower feed costs are expected to encourage a further expansion of cattle herds. 54. Lower feed costs are expected to further encourage producers to expand their herds. 55. Lower feed costs encourage ranchers to move cattle out of the pasture and into feedlots for faster weight gains before they are sold for slaughter. 56. More of those animals may be coming to market in coming months, as high feed costs are prompting farmers to trim their herds. 57. Now, farmers will sell some of these animals as feed costs rise analysts said. 58. Pork producers, who sold off their herds last year because of high feed costs, have begun to build them back up again. 59. Prices fell last year because ranchers, facing high feed costs, sold off herds and created an artificial beef glut. 60. Ranchers produced more animals in expectation of lower feed costs as the U.S. harvested a record soybean crop and the third-largest corn crop. |