(AP Photo/Charlie Neibergall) The United States Department of Agriculture says the cattle market has shrunk to an extent that hasn’t been seen in years. According to the latest cattle report , “of the 91.9 million head inventory, all cows and heifers that have calved totaled 39.5 million.”
Down from two percent in 2021, there are 30.1 million beef cows, and the milk cows decreased to 9.38 million in the United States.
On Tuesday, the U.S. Department of Agriculture livestock analyst Shayle Shagam said: “We are seeing large numbers of female stock have been placed in feedlots … supplies of cattle going to feedlots is going to be declining,” resulting in “progressively tighter supplies of all fed cattle available for slaughter as we move into 2023.” In June, the price of ground beef was up 9.7 percent from a year ago. Due to the decrease in supply, increased input prices, as well […]
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