Oldtimer
Well-known member
Many of the industry "experts" and prognosticaters are saying that we will continue to see good cattle prices for many years to come...
Low supply, increasing nationwide and world population, many new Asian markets just beginning to use beef all lead to higher demand...
Low supply, increasing nationwide and world population, many new Asian markets just beginning to use beef all lead to higher demand...
Smallest U.S. Cattle Herd Since January 1958?
Northern Ag Network
general admin posted on January 27, 2012 08:56 :: 126 Views
As the boards of trade are taking final bids Friday afternoon, the USDA will be getting ready to release their catle inventory numbers. Ahead of the 1 MST report, Allendale, Inc. has made the following predictions:
■The beef cow herd has contracted for six years straight.
■The decline in the beef cow herd over 2011 was the largest one year decline since 1985.
■Lowest January 1 total cattle herd since January 1958.
■Lowest annual calf crop since 1950. Lower calf crop numbers will continue for three years.