Cattle Inventory Report

SOURCE www.ibtimes.com
The USDA's January Cattle Inventory report showed a decline in the cattle herd nationwide, reaching record low levels. Beef cows that have calved hit a record low at 27.9 million, and the beef herd has shrunk 40% since 1975. Ranchers face decisions on feeding or retaining calves for breeding due to high prices and trade uncertainties.

Key Points

  • Record low levels of cattle and calves in the U.S.
  • Shrinking beef herd since 1975
  • Record low number of beef cows that have calved
  • Ranchers facing decisions on feeding or retaining calves for breeding

Pros

  • Provides insight into the current state of the cattle industry
  • Helps ranchers make informed decisions regarding their cattle

Cons

  • Decrease in cattle herd size may impact beef supply and prices