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Allendale projects smallest cattle inventory in more than 50 years
Ahead of Friday’s semi-annual USDA cattle inventory update, one major analytical firm expects the report to show the lowest herd number in more than 50 years.
Allendale Inc. has the cattle inventory at 92.4 million head, 98.6% of a year ago, which would the smallest January 1 total herd since January 1958.
Also, the 2010 calf crop is pegged at 35.4 million head, 98.8% of a year ago, potentially the smallest since 1950 with Allendale expecting lower calf crop numbers to continue for the next three years.
The numbers are out at 2 PM Central.
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