Cattle Producer Returns Bolstered by Higher Price, Lower Feed Costs

All signals point to continued strong cattle pricing going into 2015. This trend should bode well for the sale of mid-range tractors (40-100 horsepower), which have experienced solid growth during the past 2 years, and it may even give a lift to high horsepower equipment. Unit sales of mid-range tractors were up year-over-year by 12.1% in January.

Strong feeder cattle prices (see “Comparing 10 Years of Farm Commodity Prices”) and declining feed costs are supporting…

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