National Ag News
Rabobank’s Close: Beef cow numbers indicate more growth than expected
Jan 31, 2017, 17:28 PM
by
System
An industry analyst says growth in the U.S. cattle herd is what gets his attention in the cattle inventory report. Don Close with Rabobank tells Brownfield his eye is drawn to the USDA Cattle Inventory Report’s three percent increase in beef cow number
s. It’s evidence, he said, of more aggressive expansion than had been expected.
“The additional fallout from that is the likelihood of an even larger available supply of cattle outside of feedyards that will be available placements for the full year and what that means for potential fed beef supplies for the second half of the year,” Close told Brownfield at the Cattle Industry Convention in Nashville Tuesday.
