Opinion
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!
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