Economic headwinds, drought cloud outlook for cattle producer profitability

Economic headwinds and ongoing weather concerns are the major storylines heading into the back half of 2022. With ongoing uncertainty about inflation, interest rates, global conflict and drought across large swaths of cattle country all on the table, beef producers have plenty to think about when looking at the big picture.Lance Zimmerman was recently named Senior Beef Analyst at Rabobank’s Food and Agribusiness research team. Zimmerman joined Rabobank after nearly 12 years at CattleFax, where he served as CattleFax’s Manager of Research, Analysis and Data from 2016 to 2021, and most recently as Director of Research and Protein Market Analysis. Prior to joining CattleFax, Zimmerman spent more than six years at Certified Angus Beef, where he led their marketing and supply development efforts.In this episode, Zimmerman discusses the liquidation of the U.S. cattle herd due to ongoing drought challenges, and what current economic conditions portend for the future of the beef industry as a whole.This episode is sponsored by United Animal Health, a leader in animal health and nutrition. You can learn more about United Animal Health and how they are working to advance animal science worldwide by visiting their website UnitedANH.com.