Yoder, Jillian; Brown, Scott - Agricultural and Applied Economics Association - AAEA - 2014
The U.S. cattle inventory was at 87.7 million head at the beginning of 2014, the lowest inventory since 1951. Cattle producers have downsized their herds in recent years due to increased incidence of drought and high feed prices. A tight U.S. beef supply coupled with a strong demand for beef are...