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Livestock economist expects cattle inventory to decline again

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A livestock economist says he expects an already small cattle herd to get smaller.

University of Missouri livestock economist Scott Brown says just how small remains to be seen. “My crystal ball says 3% lower,” he says.  “We’ll see whether I’m right. But, don’t hold me to that. All indications to me is inventory will be lower.”

He tells Brownfield widespread herd expansion remains a challenge for many producers right now.

Livestock economist expects cattle inventory to decline again