An economist says livestock producers will continue to face some serious headwinds when it comes to feed costs. University of Missouri’s Scott Brown says, “The focus should be on when producers can lock some reasonable profitability and take some risk off the table.”
He tells Brownfield producers will likely have to take a more hands-on approach to risk management. “We’re still going to find days where markets move lower for corn and soybeans and days where markets move higher,” he says. “Taking advantage of those times when markets are down might be helpful.