West Central Minnesota cattle producers’ profit margins taking a big hit
NEW LONDON — Drought and high feed prices are cutting into the profit margin for cattle producers like Gary and Kathy Stai of New London.
The price of corn for feed was around $2 a bushel when the couple started their small black Angus herd as a 4-H project for their daughters in 1994. Now corn is over $6 a bushel. Gary Stai says he used to buy oats for $1 to $1.20 a bushel. Now oats are $3.60 a bushel.
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