Yes, and that's very troubling. I was looking at some research from the Western Stock Growers' Association. They estimated that we may see a rolling backlog of over 375,000 head of cattle. They think the glut might happen right at the peak of the fall calf run.
If we're going to have this rolling backlog and we're still not going to have processing capacity up to 100% even in a few months' time, is there an ability to build additional feedlot storage area?
My big question is, how are we going to deal with this glut? How long can the National Cattle Feeders' Association keep going with this huge backlog of cattle in its facilities?