The CEO of CattleFax says drought and feed costs could be potential wildcards for cattle producers trying to improve bottom lines in 2023.
Randy Blach tells Brownfield he expects drought conditions and heat intensity to improve. “Both of those things will be more favorable as we get into late spring and summer, and we should be wetter by fall. We still have to navigate drought conditions in 2023 in total, but it will be better than it was in 2022.”
He says the US will need to raise a corn crop of about 15 billion bushels to help reduce input costs.