US cattle inventory expected to drop by 2023

According to various reports, the cattle inventory in the US would be reduced in 2023 due to the droughts that are going through due to the La Niña phenomenon. In order to avoid losses, farmers would send more animals, especially bovine females, to slaughterhouses. The United States is also being affected by the La Niña phenomenon, but in this country there is no heavy rainfall but rather droughts. According to an article on the Drovers website, 2022 in the US will be remembered for the historic droughts that forced herd liquidation. It's no secret that beef slaughter reached above-average levels throughout the year. Many of the states with the largest beef cow inventories suffered from drought for most of the 2022 growing season, the article's author said. However, the downward trend in bovine inventory in the United States is not new. Statistics from Oklahoma State University economist Derrell Peel show a steady decline since 2018, from more than 31.5 million head to 29.6 ...