JGalt
Diamond Member
- Mar 9, 2011
- 72,344
- 88,135
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As if the price of beef isn't high enough in Joe Biden's America, look for even higher prices for beef and shortages soon.
Will someone please make America America again?
"Not many ranchers active today will remember the last time the U.S. cattle industry was this small. On January 1, 2024, the All Cattle and Calves inventory was 87.15 million head, the smallest total inventory since 1951. The All Cattle and Calves inventory is 1.9 percent smaller year over year and is the fifth consecutive year of declining cattle inventories, a total decrease of 7.65 million head or 8.1 percent since the most recent peak in 2019. The 2023 calf crop was 33.6 million head, down 2.5 percent year over year and the smallest calf crop since 2014.
The January 1, 2024 beef cow herd inventory was 28.22 million head, down 2.5 percent year over year and a decrease of 3.47 million head or 10.9 percent lower, from the cyclical peak in 2019 (Table 1). The current beef cow inventory is the smallest beef cow herd since 1961. Table 1 shows that the top ten beef cow states, which currently represent 57.3 percent of total beef cows, accounted for 79.4 percent of the year over year decrease in total beef cow numbers and 67.7 percent of the decrease from 2019 to 2024..."
U.S. Cattle Inventory Reaches 73 Year Low
Will someone please make America America again?
U.S. Cattle Inventory Reaches 73 Year Low
"Not many ranchers active today will remember the last time the U.S. cattle industry was this small. On January 1, 2024, the All Cattle and Calves inventory was 87.15 million head, the smallest total inventory since 1951. The All Cattle and Calves inventory is 1.9 percent smaller year over year and is the fifth consecutive year of declining cattle inventories, a total decrease of 7.65 million head or 8.1 percent since the most recent peak in 2019. The 2023 calf crop was 33.6 million head, down 2.5 percent year over year and the smallest calf crop since 2014.
The January 1, 2024 beef cow herd inventory was 28.22 million head, down 2.5 percent year over year and a decrease of 3.47 million head or 10.9 percent lower, from the cyclical peak in 2019 (Table 1). The current beef cow inventory is the smallest beef cow herd since 1961. Table 1 shows that the top ten beef cow states, which currently represent 57.3 percent of total beef cows, accounted for 79.4 percent of the year over year decrease in total beef cow numbers and 67.7 percent of the decrease from 2019 to 2024..."
U.S. Cattle Inventory Reaches 73 Year Low