Most of 2014 saw record high prices, but the downward trend in the beef and cattle markets looks like it could carry into the New Year.
Cattle slaughtering in the U.K. dropped to the lowest level since at least 1970 last year, as herd sizes declined to the smallest in decades, the Agriculture & Horticulture Development Board said.
Quality characteristics, tenderness and value of beef are similar from steers and heifers.
Females made up 43.5% percent of cattle slaughter, the lowest share since 1972.
The strong domestic demand and strong export volumes that were well-reported through last year appear to be continuing.
Cow herd expansion appears to be on the rise.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Just 8% of U.S. pastures are in poor to very poor condition, according to USDA. It is a 2% improvement from last year.