Mar 7, 2005
As I write this, a judge in a Billings, MT, courthouse is listening to oral arguments over the reopening of the U.S. border to Canadian cattle and other products. Whatever the outcome, it’s timely to look at some of the supply-demand fundamentals that face the U.S. industry this year. Right now, I have some causes for concern. After eight years of herd liquidation, cow-calf producers last year began to retain heifers and rebuild their numbers. This meant the national herd on Jan. 1 was 95.85 million head, up one percent from the previous year. A couple of other numbers are important.