U.S. Beef Herd Declines for Fifth Straight Year
The semiannual USDA Cattle Inventory report, released Friday afternoon, indicated that all cattle and calves in the United States as of July 1 totaled 95.9 million head, down 2.7% from a year ago.
The average pre-report estimate in the Urner Barry survey was expecting a 2.3% decline to 96.3 million head.
The 2023 calf crop was estimated at a record low of 33.8 million head, down 2% from 2022. Total cows and heifers that have calved were reported at 38.8 million head, down 2% from 2022 and nearly on target with analysts' expectations...
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