US cattle herd at 61-year low
04/02/2013
On January 1 the herd was 89.3 million head, down 1.6% from a year earlier and the smallest US herd since 1952.
However, ssome ranchers are beginning to retain female breeding stock, the foundation for herd rebuilding, possibly in anticipation of higher cattle prices.
Consumers should brace for record high beef prices this year and in 2014. Not until 2015 are those prices expected to come down when more cattle become available, analysts said.
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