US Cattle Herd Continues To Drop: 'New Record Low'

The USDA's January Cattle Inventory report showed a slight decline in the cattle herd nationwide, reaching record low levels.

As of January, the total number of cattle and calves was 86.7 million, down by 1% from last year, reported Market Intel. The beef herd has shrunk 40% since 1975 to the smallest size since 1961. ---More...