Here’s the outlook for 2020 cow harvest
2019 saw an increase in beef and dairy cow slaughter for a variety of reasons. However, according to economists with the Daily Livestock Report (DLR), the pace of cows coming to town in 2020 should moderate a little.
USDA will publish the results of its semi-annual cattle inventory survey on January 31 and there is broad expectation that the cowherd on January 1 of this year was lower than a year ago, probably somewhere between 0.5% and 1% lower. A lower cowherd and a somewhat more positive profit outlook will tend to limit the culling rate this year.
“Plenty of unknowns remain, however. On the bearish side (i.e. calling for higher slaughter) we don’t know how weather will play out this year and the impact it usually has on pastures and general feed availability. On the bullish side (i.e. lower slaughter) we do not know how U.S.-China trade on beef will play out and how that impacts beef industry profitability.”
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