AMARILLO, Texas (KAMR/KCIT) — Texas A&M Agrilife Extension released a report from USDA reporting that the cattle inventory is down 1%, now at the lowest inventory number since the 1950’s.
Texas A&M Agrilife Extension Risk Management Economist DeDe Jones, shared that inventories have been tight for several years as cattle markets are exploding and cattle prices are high.
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“When the ranchers are trying to decide, do they want to retain a heifer and eventually breed it and sell that calf in a couple years, or do they want to sell that heifer right now,” said Jones. “They are mostly choosing to sell instead of keep.”
Although the cattle inventory is low right now Jones shared there are several factors that could help improve inventory…