US Cattle inventories are down 3% from a year ago. Beef cattle are down to lowest level since 1962. Recent droughts caused ranchers to reduce headcounts. Expect higher beef and milk prices well into 2023.
US Cattle inventories are down 3% from a year ago. Beef cattle are down to lowest level since 1962. Recent droughts caused ranchers to reduce headcounts. Expect higher beef and milk prices well into 2023.