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Unformatted text preview: he facility will consume up to 7 million pounds of milk daily, producing cheese, nonfat dry milk, and other dairy products. With both foreign and domestic demand growing, Colorado’s dairy cow herd expanded by an average of 1,000 head per month in 2011 and will continue to add cows next year. Dairy cash receipts are not expected to increase in 2012 as higher cow numbers will be offset by tighter operating margins due to higher feed costs. Sheep and lamb prices climbed to unprecedented levels in 2011 for the second year in a row, leading to record cash receipts for Colorado producers. Many positive elements are converging in this sector, in which Colorado is a national production leader. Lamb appears to be gaining greater interest among chefs and locavores, with overall consumer continued on page 16 15 2012 Colorado Business Economic Outlook Agriculture continued from page 15 demand improving, led by growing ethnic populations nationwide. Retailers Walmart and Kroger are notably featuring lamb in meat promotions. Northwest Colorado has the greatest concent...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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