Economist Darrell Peel presents how the U.S. beef cow herd numbers are shrinking year to date and how weather, drought and agriculture practices have contributed to beef cow slaughter trends.
The current level of beef cow slaughter suggests a culling rate more than 13 percent this year and a potential beef cow herd decline of one million head or more.”
Source: BEEF, June 13, 2022. Link.
INSIGHTS: Herd reduction will negatively affect local incomes, veterinary clinic revenues and various animal health product revenue budgets.