US Feeder Supplies Tight – 02/01/2024
The first half 2024 supply of feeder cattle will be the tightest this century based on a calculation made from data in the recently released Cattle Inventory report. We calculate there were 10,9 million head of cattle over 500 pounds but not in feedlots or reserved for herd expansion on January 1, 2024 compared to 11.6 million head at the same time last year.