COWPOCALYPSE: Prepare For The Largest-Ever Drop In Livestock Herds

Rob Wile

Morgan Stanley's Hussein Allidina is out with his latest agricultural commodities update.
The news: We are in for a big burn on prices, as record heat and drought roasts corn and soybean crops into oblivion.
The feed reduction implied by the crop yield drop will translate into the largest-ever decline in livestock herds.

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