The age of US cow-calf producers, rather than of the animals themselves, may be key to the future of the country beef industry. Macquarie forecast feeder cattle futures remaining elevated well into next year, and only moving back below 200 cents a pound on a sustained basis towards the end of 2016. The expectation reflects ideas of a continued tightness in supply of feeder cattle as feedlots – seeking stock to fatten and exploit high beef prices - and breeders - attempting to rebuild a US herd whose reduction has sent values soaring – compete for supplies....
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