USDA’s semi-annual cattle inventory update has the smallest U.S. herd for this time of year since the series of reports began. That shows the impact of last year’s drought in the Southern Plains but doesn’t fully reflect conditions currently being experienced further north and east. Cattle Fax Market Analyst Kevin Good tells Brownfield’s John Perkins that the drought is reducing supplies and should support prices over the long term. While the total number of cattle on feed was larger than expected, it should shrink in coming months.
U.S. cattle herd beginning to show effects of drought
July 23, 2012 By Leave a Comment