The COVID-19 pandemic is resulting in some confounding issues in the protein sector of U.S. agriculture. One of which is plenty of product with nowhere to go.
A report from USDA and the Economic Research Service shows that growth in U.S. beef production has been supported by an increase in the average weight of cattle for beef production since 1970, despite a decrease in the overall number of cattle used in beef production.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.