The latest USDA Cattle on Feed report revealed a 2% decline at 91.9 million cattle and calves in the U.S. Monday’s report showed the cattle number declines to be a continued theme as the market has seen fewer numbers amidst record demand. Cows and heifers that have calved are also down 2% at 39.5 million head, beef cows were down 2% as well at 30.1 million head and milk cows down 1% at 9.38 million head.
The decline in cow numbers comes after severe drought conditions plagued much of the Western U.S., forcing thousands of producers to cull females they would have otherwise kept. Cattle producers can better formulate marketing plans with data found in the report, as lower numbers will contribute to stronger prices for the cow-calf sector.
Read more on the latest Cattle on Feed report here.
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