USDA’s Semi-Annual Cattle Inventory report confirmed a 61-year low in the beef cow herd, and barring some major change in the weather, the cattle inventory may not be done shrinking yet.
It’s a case of “supply and demand ... from seeing any increase in beef production simply due to the lagged effect of of the reproductive system of cattle,” added Kerr.
“Cattle supplies are going to get pretty tight going forward,” Altin Kalo, economist at Steiner Group, said. CME January feeder cattle FCF25 settled up 2.625 cents at 258.100 cents per pound. February ...