John Barone

Beef supply likely to decline through 2014

John Barone discusses the tightening beef supply and other commodities trends in his Commodities Corner column.

Cattle inventories are at the lowest levels in decades, according to a recent U.S. Department of Agriculture report, which pegged total cattle inventory at 89.3 million head, or 1.7 percent below a year ago and the lowest figure since 1952. Meanwhile, January’s monthly cattle report showed feedlot inventories at 11.19 million head, down 5.6 percent from a year ago. Cattle slaughter for the first half of 2013 looks to be 4 percent to 5 percent below a year ago. Replacement heifers are

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