The U.S. Department of Agriculture released two key cattle reports last week that show that, although expansion continues, it is decelerating.
The July “Cattle” inventory report revealed a 3% year-over-year increase in the calf crop to 36.3 million head, which was also 6% larger than 2015. An estimated 26.5 million head of calves were born during the first half of 2017, which is a 4% increase from the first half of 2016 and 8% above 2015. An additional 9.80 million calves
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