Livestock Economics

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Livestock Economics

BUDGETS: cow calf, backgrounding, summer grazing

LMIC: Analysis and Comments, In the Cattle Market, Livestock Monitor

MARKET REPORTS: area market reports

PRESENTATIONS: meeting presentations

LEASE PUBLICATIONS - farm and ranch

Chart of the Week

weekly chart

On January 31, USDA released the much anticipated annual CATTLE inventory report. The industry was anxiously awaiting the report because the July report was not issued in mid-2016 due to budget restraints. Most cattle market observers expected continued beef cow expansion and the report confirmed that. Jan. 1 U.S. beef cows at 31.2 million head were up over one million from 30.2 on Jan. 1, 2016, and followed the 864,000 head increase on Jan. 1, 2015.  The total 3-year increase in beef cows since the last cyclical low recorded on Jan. 1, 2014, was 2,124,800 head. Eight straight years of beef cow liquidation occurred previously. Barring a major drought, much less expansion is likely in 2017 as beef replacement heifers expected to calve in 2017 were up only 64,000 head.

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