U.S. beef herd down due to input prices and drought.
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Beef cattle inventories across the United States are at their lowest point in more than six decades, according to the U.S. Department of Agriculture. In its biannual cattle report, USDA reported a total of 89.3 million head as of Jan. 1, 2023 — 3% lower than the total reported a year ago, and the lowest since 2015. Beef cattle — those bred specifically for slaughter and meat sales — declined 3.6%, to 28.9 million head, the lowest total recorded by the agency since 1962. Related: Managing calving during muddy conditions In “Cattle Market Notes Weekly,” a newsletter focused on the cattle industry, University of Kentucky’s Kenny Burdine and James Mitchell, extension livestock economist for the University of Arkansas System Division of Agriculture, wrote this week that the decline came as no surprise. “There was no question that the beef cow herd had gotten smaller,” Burdine and Mitchell said. It was “just a question of how much smaller.” Related: Protect the herd: Traceability is ...