Business is brutal for American feedlots, and one informed source says more than 20 percent are for sale. The trouble is, nobody’s buying:
Cattle feed yards in the Texas Panhandle and elsewhere have been operating at a loss for 18 months, and while many would like to sell their sprawling operations, there are either no buyers or no banks willing to provide financing, industry observers say.
It’s increasingly sounding like the beef industry some time ago hit its high water mark, and is now on a long-term downward trend. (Thanks, Bea.) Link.