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Hog futures mixed ahead of quarterly inventory report

At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were higher waiting for direct business to develop, bouncing just a little bit off of Tuesday’s sharp moves lower.  April lives closed $.50 higher at $183.60 and June lives closed $.30... Read More.

Cattle inventory lowest since 1951

Historically low cattle inventories will be a major storyline for agriculture throughout 2024. Zach Brummer with Iowa Farm Bureau says the herd size in the U.S. is the lowest it’s been since 1951. “Interesting thing about that, the U.S. population in 1951 (was) roughly 155... Read More.

Cattle inventory down, contraction likely to continue

There were fewer cattle in the U.S. at the start of 2024 than 2023 and it looks like that contraction will continue. That’s mostly in line with pre-report expectations and due to several factors, including producers trying to improve their bottom lines and ongoing... Read More.

Livestock economist expects cattle inventory to decline again

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... Read More.