No crystal ball needed to plan for the US cattle future

There are many different opinions regarding the U.S. cattle herd and what 2024 will hold for inventory levels. While some believe rapid regrowth is right around the corner and even underway, others are hesitant that regrowth of the herd from historic lows will be a slow and potentially delayed process. As the year continues, USDA estimates will help provide further clarity as to what direction it’s moving and at what speed it’s occurring. December cattle on feed estimates were up 3% from 2022, while placements were down slightly – sending mixed messages. However, softening markets may be playing some role in these dynamics. While we may not have the means to know when and how the U.S. herd is going to return to previous levels, it’s never too soon to start making preparations on the farm if growth of the herd is the goal. Feed and forage availability Feed is a major consideration when it comes to herd expansion. Drought was prevalent across the U.S. this past year. Some areas ...