High interest puts pressure on US cattle farms – research
Wildfires and rising input prices are exacerbating factors, Kansas City Fed research says
Tight monetary policy is having measurable effects on cattle production in the US, research from the Federal Reserve Bank of Kansas City says.
“Cattle inventories declined to historically low levels at the start of 2024” in the US, say authors Cortney Cowley, Ty Kreitman and Francisco Scott. They warn that higher input prices and rising interest rate expenses could lead to a “prolonged period of lower cattle supply.”
The pressure on cattle farms may not decrease soon. “Higher costs for financing
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