Cattle prices should remain historically high in 2015 as tight supplies of cattle continue However herd rebuilding is steadily increasing according to the latest US Department of AgricultureNational Agricultural Statistics Service cattle inventory report

Cattle prices should remain historically high in 2015 as tight supplies of cattle continue. However, herd rebuilding is steadily increasing, according to the latest U.S. Department of Agriculture-National Agricultural Statistics Service cattle inventory report.

U.S. cattle herd rebuilding

The U.S. beef cow inventory is up 2 percent from a year ago, according to the latest U.S. Department of Agriculture-National Agricultural Statistics Service cattle report.

Cattlemen are rebuilding herds following several years of declining numbers spurred by long-term drought in the southern Plains and high feed costs.

The U.S. beef cow inventory is up 2 percent from a year ago, according to the latest U.S. Department of Agriculture-National Agricultural Statistics Service cattle report.

That’s bit of a surprise to Texas A&M AgriLife Extension Service livestock specialist, said David Anderson, College Station, who expected an increase, just not that much.

 “I thought the report showed more beef cows added than I expected,” said Dr. David Anderson, Texas A&M AgriLife Extension Service livestock specialist, College Station. “But record prices in the last half of 2014 will do that.”

Anderson said prior to the report, industry experts had the mindset the current rebuilding phase will be longer and slower. Read more on Texas and U.S. beef numbers here.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish