Cattle Inventory Shrinks, Stoking Fears of Price Hikes

U.S. cattle continue to dwindle following a period of drought and high input costs that pressured ranchers to sell off their herds, shrinking the national headcount to lows not seen in decades. Despite the historically low numbers, the supply of cattle at all U.S. feedlots is up 2% from 2023 keeping beef prices from skyrocketing – for right now. Read what’s happening here.