By Farms.com
The American cattle industry is at a crossroads, facing continued pressures despite some positive environmental changes. Over the last few years, severe drought and soaring feed costs compelled many farmers to reduce their cattle numbers as a cost-cutting measure.
Currently, the environment for raising cattle has improved with more rainfall enhancing pastures and reducing feed expenses. However, economic factors such as high interest rates and overall rising costs continue to inhibit growth in cattle herds.
Recent data from the American Farm Bureau Federation shows a troubling trend: calf numbers have decreased by 2% year over year, reaching the lowest levels since 1948. A significant number of heifers, typically reserved for breeding to sustain and grow herds, are instead being sent to slaughter. This reflects a cautious or reluctant approach among ranchers toward expanding their herds.