Farmer/feeders dominated cattle feeding for many years—accounting for roughly two-thirds of the fed cattle marketed in 1960 and still over half of'the total as recently as 1968. Their numbers have declined and their contribution .to total feeding has dropped rather sharply. But they are still a significant part of the feeding industry. And they still have a future—possibly a brighter one than some have projected in recent years.
Futrell, Gene, "The Decade Ahead For The Farmer/Feeder" (1980). Economic Staff Paper Series. 81.