
The U.S. cattle herd is the smallest in 60 years, thanks to declining hay production, higher grain prices and the devastating 2012 drought that continues to grip much of the Great Plains region.
According to USDA, all cattle and calves in the United States as of January 1, 2013 totaled 89.3 million head, 2% below the 90.8 million on January 1, 2012 and the lowest inventory of all cattle and calves since 1952. All cows and heifers that have calved, at 38.5 million, were down 2% from…
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