US Cattle Herd Dwindles to Record Low for July

The U.S. cattle herd fell to 94.2 million head as of July 1, a record low for that date, according to U.S. Department of Agriculture data issued on Friday.

U.S. beef prices have set records this year after ranchers slashed their herds due to a years-long drought that burned up pasturelands used for grazing.

The herd size was down about 1% from July 1, 2023, which was the last time that the USDA issued data for that date.

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