USDA's latest Cattle Inventory and Cattle on Feed reports suggest the cyclical low is likely behind the industry, with total cattle and calves edging up 0.2% to 94.2 million head. Beef cows, however, came in slightly lower at 28.5 million head, down 1%, while beef replacement heifers rose 3% to 3.8 million head, a modest signal of retention, but far from a decisive expansion.
Subscribe to a plan to view this and all reports. this article
