A recent report from the U. S. Department of Agriculture (USDA) highlights serious issues facing the American cattle industry, indicating that recovery may be difficult in the near future.
• The USDA's April report reveals a significant decline in the number of cattle being fed at large commercial feedlots, marking the lowest levels for this time of year since 2020.
• Beef supplies in cold storage dropped to 418 million pounds in April, the lowest since 2014, as beef prices reached record highs, notably for ground beef, averaging $5. 8 per pound.
• The nation’s cattle herd is at a 73-year low, with about 86. 6 million cattle recorded in 2024.
• Brady Stewart from Tyson Foods expressed optimism about potential herd rebuilding but acknowledged the ongoing crisis. CEO Donnie King mentioned increasing chicken production as a more affordable alternative for consumers facing high beef prices.
• Factors contributing to the cattle shortage include the halt of live cattle imports from certain border areas and rising cattle futures prices in Chicago.
• Ranchers like Steve Lucie warned that rebuilding the cattle herd will take considerable time and stressed that many ranchers have exited the industry, worsening the situation.
• The Trump administration aims to improve the agricultural sector, focusing on locally sourced food. The MAHA Report emphasizes the importance of supporting local farmers.
The current state of the U. S. cattle industry shows severe challenges with low herd numbers and high prices. Consumers are encouraged to support local ranchers and avoid multinational food companies to ensure a healthier food supply.
https://www.zerohedge.com/food/new-usda-report-shows-us-beef-supplies-still-crisis-levels
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