The U.S. cattle industry is showing further signs of contraction.
The USDA says the total number of cattle and calves in the U.S. on July 1st was 95.9 million head, 3% below a year ago, the lowest inventory in about a decade and a bigger than anticipated decrease.
There were declines in most major inventory categories, including all cows and heifers that have calved and replacement heifers, along with steers, bulls, and calves.
U.S. cattle inventory falls 3%
