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The January 1 cattle inventory came in a little higher than we expected. The total number of cattle on
farms and ranches was up 1.7% from 12 months earlier.
The total number of cows and heifers that have calved was up 0.9%. The number of heifers being held
for breeding herd replacements was up 4%.
We expect the cattle herd to continue to grow for at least a few years. A more detailed summary will be
in next week's letter.
Source: Grimes & Plain, University of Missouri
E-mail: sflanagan@sprintmail.com |
