Beef Buzz News
January Cattle Inventory Report Expected to Show a Stable U.S. Cow Herd Says OSU's Derrell Peel
Wed, 20 Jan 2021 08:33:38 CST
Cattle industry officials are closely watching the biannual USDA Cattle Inventory report coming out Jan. 29 and Dr. Derrell Peel, OSU Extension livestock market economist, expects the numbers to continue to small reduction in the nationís cow herd.
Ron Hays Beef Buzzes With Dr. Derrell Peel
The national cattle inventory report is issued every January and July and gives us an idea of how many beef cows we have in the U.S.
In general, I think we are looking at a modest slide in cattle inventory, Peel said, continuing what happened in 2020.
Beef cow numbers peaked in 2019, they were off a little in 2020 and I expect a little more off in 21, Peel said.
Weíre carrying feedlot inventories close to year ago levels but as we go through the year, I expect those numbers to tighten a little, he said.
Will this report indicate herd expansion or contraction?
If you look at the overall levels, coming into 2020 the numbers indicated we would not see much liquidation, but there was so much volatility last year it was a challenge to read much into the data, he said.
Peel expects beef replacement heifer numbers to be down a little year over year basis.
The OSU economist said he expects stable numbers but itís going to depend on how things work out the next couple of months.
He added cow slaughter stayed above year ago levels.
We have achieved a level of net cull cow numbers consistent with fairly stable numbers and I would expect that to continue in 2021, Peel said.
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