ECONOMICS OF THE LIVE STOCK INDUSTRY 6 1 



The choice between the extreme dairy type and the cow which 

 produces both milk and meat should depend upon the price of 

 meat. In a country where great quantities of high-class beef 

 are produced at low cost, there is more economic reason for the 

 highly specialized dairy cow than in a country where beef of 

 any kind is high. In other words, the right choice of breeds 

 depends upon economic conditions which are ever changing. 

 Conditions in America have in the past encouraged highly 

 specialized beef cattle and highly specialized dairy cattle. It 

 does not follow that this will be true in the future. 



