The USDA released its Cattle inventory report late last week, and, Any way you work the corral, there’s fewer heifers in that corral with each passing year, as dairy farmers pivot to breeding dairy cows to native beef bulls to capitalize on record beef prices. Many in the industry say that trend will not slow down anytime soon, as live cattle futures have pushed into the $200-per-cwt range and represent some all-time highs.
