Latest news with #herd
Yahoo
5 days ago
- Business
- Yahoo
US cattle tally shows no end in sight for soaring beef prices
(Bloomberg) — The latest US cattle tally offered little relief for consumers paying record beef prices, even as the cycle of herd liquidation seems to be coming to an end. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Trump Administration Sues NYC Over Sanctuary City Policy There were about 94.2 million cattle and calves in the US as of July 1, the lowest mid-year count on record in data going back to 1973, the Department of Agriculture said in a report. The number of animals placed in feedlots for weight gain before being sent to slaughter plunged to the lowest since 2017, the USDA said in a separate note. A severe shortage in the world's largest beef-producing country has sent cattle costs soaring, wiping out billions in profits for companies such as JBS NV and Tyson Foods Inc., while driving record beef prices at grocery stores. For years, ranchers have been slashing their herds due to a combination of high interest rates, costly feed and persistent drought. But record cattle prices and improved pasture conditions this year are raising speculation that ranchers are moving to rebuild their herds — a move that is yet to be confirmed. The latest USDA numbers offer 'very little indication of much herd rebuilding or anything very aggressive,' said Derrell Peel, a professor of agricultural economics at Oklahoma State University. The number of heifers in feedlots remained mostly stable relative to that for steers, suggesting ranchers are not meaningfully retaining females for breeding. 'We are probably stabilizing cattle numbers, but we're not growing yet,' he said. A large decline in beef cows raised specifically for breeding purposes also indicates that a rebuild has yet to kick in — prolonging a money-losing cycle for meat producers and potentially pushing consumers toward cheaper proteins like pork and chicken, according to Benjamin Theurer, an analyst at Barclays Plc. 'A full rebuild and margin recovery is a ways away,' he wrote in a note to clients. Even if ranchers start rebuilding now, beef supplies aren't expected to meaningfully recover before 2028 or 2029 — meaning cattle and beef prices are poised to remain elevated for years. Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
19-07-2025
- Daily Mail
Shocking moment helpless hiker is viciously trampled by raging herd of cows after 'taunting one with walking stick' on Chinese hillside
This is the shocking moment a hiker was trampled by a herd of cows after allegedly poking one with a walking stick. The dramatic incident unfolded on a hillside in Xinzhou, China, on July 16. Footage shows the lone cow charging the man before the rest joined in, leaving him with bruises and minor rib fractures. Click above to watch the shocking moment.
