Mike Pearson tells us the latest cattle herd numbers collected by the USDA.
The USDA released the latest Cattle on Feed report Sept. 22. The news was not surprising but it did send higher cattle prices through trading.
The size of the nation's beef herd was down again from 2022 by 2.2 percent at 11.1 million head on feed. This means the record prices for cattle and beef in grocery stores will be staying.
The cattle on feed was lower than the previous reports but so were the number of feedlot placements which is also tracked in the report.
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