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.
Current cattle markets are a series of bad news-good news. Bad news—cattle prices pulled back last week. Good news—the jump in prices earlier this month has current levels at or above most expectations.