US – America’s cattle inventory is forecast to stand at 92.4 million head by January 1 2016 after lifting three per cent and then increase to 94.6 million head by 2017.
The Livestock Marketing Information Centre projection is based on recent changes in breeding numbers and culling practices, according to leading industry analysts at the Chicago Mercantile Exchange.
All key breeding animal categories came in higher in the US Department of Agriculture mid-year cattle report, explained Len Steiner and Steve Meyer in their Daily Livestock report last week.
The report said: “This year will be the second consecutive year of significant increases in heifers being developed for breeding purposes and sets the stage for further herd growth, mainly of beef-type heifers over 500- pounds.
“The bulk of the breeding herd growth for the next few years is expected to be in beef rather than dairy-type cows. In both 2014 and 2015 the size of the calf crop increased.
“The preliminary USDA-NASS estimate for the 2015 U.S. calf crop is 34.3 million, up 1.2 per cent or about 400,000 above 2014’s. That number could be revised higher.”
Graphs courtesy of CME and Len Steiner/Steve Meyer
TheCattleSite News Desk
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