Ahead of Friday’s USDA Cattle Inventory Report, Allendale Inc. expects the smallest January 1 total cattle herd since 1958, reflecting the continued contraction of the U.S. supply.
Allendale sees all cattle and calves as of January 1 at 98.7% of a year ago or 91.37 million head.
All cows and heifers that have calved are pegged at 97.8% of a year ago, with the beef cow herd down for the sixth consecutive year at 97.5% and milk cows at 98.8% of a year ago. That year to year decline in the
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