Beef Market Update: Calling the Official Start of Rebuilding the U.S. Cow Herd

Last week, the U.S. released its cattle inventory numbers for January 1, and, as expected, there was some growth of the cattle herd. The numbers were slightly higher than anticipated, but still make for a historically small cattle herd. What does it mean for cattle supplies going forward? And will the Canadian numbers follow the same trend?

In this latest edition of the Beef Market Update, Anne Wasko, of Gateway Livestock, wraps up price trends for the last week of January in the face of a droopy Canadian dollar, and then moves on to breakdown the cattle inventory report, where total inventory was up 1%, with beef cow numbers expanding 2%, and heifer retention up 4%.

Check out the full market report below!

Never miss a post from Real Agriculture! Sign up for our email updates here.

 

RealAgriculture News Team

A team effort of RealAgriculture's videographers and editorial staff to make sure that you have the latest in what is happening in agriculture.

Trending

How much yield potential do we lose planting after May 1?

It's mid-April and a huge part of Western Canada, Ontario, and the northern U.S. is digging out after a late winter blast of snow, freezing rain, and ice. As May looms large in the next 14 days, we have to ask โ€” when should we start to panic about a late planting season? May 1st…Read more ยป

Related

Leave a Reply