A new report says the U.S. beef herd will keep expanding through the end of this decade but there shouldn’t be any need for increased beef packer capacity. The report from CoBank says the herd will increase 3-5 percent from 2018-2019. Improving pasture conditions and continued profitability in the beef sector have been fueling herd expansion in recent years. Trevor …
Rabobank: Cattle Herd Expansion to Continue
A new report from Rabobank predicts the U.S. beef cattle herd will increase 1.6 to 2.2 percent over the next few years. The Rabobank U.S. Long-term Beef and Cattle Outlook report outlines the expanding beef production, which is expected to continue to meet the need for exports. The U.S. beef cattle herd expansion started in 2014, following several years of …