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On Jan. 27, USDA released its annual cattle inventory report, giving the total number of cattle residing in the U.S. as of Jan. 1. As expected, the report suggested that the U.S. cattle industry will continue to experience short supplies and high prices for calves and feeder cattle and as a result higher retail beef prices.
However, the numbers released also show the trend toward herd reductions may be coming to an end.
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