NDSU Extension Livestock Economist Tim Petry says the loss of the USDA July Cattle Report is devastating. The decision is happening when the cattle herd is at a 73-year low. “We’re in cyclical transition expecting herd rebuilding to begin, but we don’t know how that’s going. We’ll have to wait a whole year to see what’s happening and that will be really difficult for those of us who are involved day to day trying to predict prices and see what’s going on in the industry.” In addition, the July report has also provided the first estimate of the calf crop.
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