U.S. cattle producers are in the midst of aggressive expansion. Just as severe drought from 2010 to 2012 reduced numbers to 60-year lows, record-high prices in 2014 and abundant moisture are encouraging ranchers to rebu
USDA’s Cattle Report shows the expansion stage is coming to an end.
The total inventory as of January 1 is 94.4 million head, down slightly from 94.8 million head a year ago. It’s not a surprise to industry.