Correct, and greater consolidation. This has already been a long trough in the cyclical cycle. A ton of older ranchers are looking at the prices and just selling with no intent to calve another herd. Not a ton of young people lined up behind them. But economics will dictate that the herd is built back up in another 2-3 years as always.
Correct, and greater consolidation. This has already been a long trough in the cyclical cycle. A ton of older ranchers are looking at the prices and just selling with no intent to calve another herd. Not a ton of young people lined up behind them. But economics will dictate that the herd is built back up in another 2-3 years as always.