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U.S. Cattle Numbers Plummet, Prices Soar Amid Demand

1/9/2025

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Story summary
  • U.S. cattle inventories have dropped to 87.16 million, the lowest in decades, with beef cows at 28.22 million.
  • Cattle slaughter fell by 3.8% in 2024, yet beef production rose by 2.0% due to heavier carcass weights.
  • Record-high cash cattle prices are fueled by strong demand and limited supplies.
  • The 2025 outlook indicates sustained high prices and challenges in herd rebuilding from tight replacement heifer supplies.