Last week USDA published the July Cattle Inventory, which showed lower year-over-year inventories for most reported categories. While inventories posted a year-over-year decline, NASS estimates were higher than pre-report expectations, with analysts expecting larger decreases in cattle numbers. The full report is available on the USDA-NASS website.
Total cattle inventories totaled 98.8 million, falling below 100 million for the first time since 2015, when inventories totaled 98.1…
