beef cows and calves steve everts/iStock/Thinkstock

LIVESTOCK MARKETS: Cattle inventory growing, but at slower rate

Slowing expansion due to persistent dryness as well as weather disasters.

The U.S. Department of Agriculture released the "Cattle" report on Jan. 30, which came in relatively close to pre-report expectations. The total number of cattle and calves was 94.4 million head. The report confirmed a growing herd — up about 1% in total herd numbers — but at a slower growth rate than the past two years, according to Dr. Isaac Olvera, commodity market analyst for Informa Economics IEG. This compared to 2% growth in 2016 and 3% in 2015, Olvera pointed out.

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