The US cattle population has dropped to its lowest since 1951, with only 87.2 million head recorded at the start of the year. This decrease is due to an unusual drought during the grazing season for the second year in a row and a reduction in slaughtering capacity. The number of beef cows has fallen by two percent from 2022 to 28.2 million, and calves by 2.5 percent to 33.6 million. Analyst Len Steiner anticipates a significant decline in the US cattle slaughter rate in the coming years.