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Calf prices steadily improved through the first four months of 2019 and drought conditions have significantly eased, but profit margins in the beef sector remain tight.
Key Takeaways: The national cow herd does not need to grow back to the size it was at the 2019 peak. A larger-than-now but smaller-than-before national
The economic outlook for farmers in San Joaquin, Stanislaus and Merced counties remains generally positive with sustained growth across several key commodities, though there are headwinds in the form of prices, production costs and trade uncertainty.
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