U.S. cattle inventory 3% larger than a year ago

U.S. cattle inventory 3% larger than a year ago

"Cattle" report numbers show larger increases than trade anticipated.

As of Jan. 1, there were 92.0 million head of cattle and calves on U.S. farms, according to the “Cattle” report published Friday by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). USDA said this is the highest U.S. cattle inventory since 2011 and 3% above the 89.1 million head on Jan. 1, 2015. The average trade estimates prior to the report showed that the industry expected the all cattle and calves count to be 1.8% higher.

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