Rabo AgriFinance: Breaking Down Cattle Inventory Numbers
2/1/18 Rabo AgriFinance: Breaking Down Cattle Inventory Numbers
The U.S. Department of Agriculture (USDA), released its Cattle Inventory report January 31. According to the report, all cattle and calves in the U.S. totals 94.4 million head, 1 percent above the 93.7 million head a year ago.
The beef replacement heifers number comes in at 6.13 million head, down 4 percent from a year ago, which could signal a slow-down in growth.
AgDay national reporter Betsy Jibben digests the numbers with Don Close, vice president of food and agribusiness research and animal protein at Rabo AgriFinance.