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on Jul 29, 2013

The cattle industry won't go away, but it could be significantly different. There are a lot of possible scenarios, but land will be used for its most profitable use. Corn under $5.00 might not be nearly as attractive with high fuel and equipment cost as producing a crop to graze. Ranchers won't pay more for grazing than it's worth for very long. Too many are doing that now, but that won't last long just like feeders won't keep buying feeder cattle at a price that won't make a profit forever.

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