Livestock producers reducing herds due to spiralling cost of feed

The combination of extreme drought and the spiralling cost of feed has put Portugal’s livestock producers in a desperate situation. Many are shutting down operations altogether, others are drastically ‘cutting back on heads of cattle’ – meaning animals are being killed because their owners simply cannot afford to feed them. The costs of this drastic reduction “will reflect on consumers” eventually, explain reports, as the cost of meat will increase further than it already has.