USDA: cattle inventory steady, calf crop down

The USDA’s cattle inventory numbers point to a modest industry contraction later this year. The USDA estimates this year’s calf crop at 36.3 million head, down slightly from 2018, with all cows and heifers that have calved also declining slightly because of a 1% decline in milk cows. All cows and heifers were reported at …

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