U.S. cattle herd continues to contract
There are three main points to consider from the U.S. Semi-Annual Cattle Inventory Report. First, the 2023 calf crop was estimated at 33.8 million head, down 664,000 head from 2022. Secondly, the number of beef cows as of July 1, 2023, was 38.8 million, down two per cent or...