Australian drought leads to massive herd liquidation

The Southern Great Plains saw substantial herd liquidation a few years ago, when the exceptional to extreme drought hit the region. With U.S. drought recovery in recent months, the region has started to see herd expansion. Rabobank livestock industry economist Don Close said now Australia is getting similar weather conditions seen in the U.S. in 2011, 2012 and 2013. Read more at the Oklahoma Farm Report…