The Cattle Inventory report was friendly cattle as most categories came in below expectations. The report also showed a much slower than expected expansion pace than expected by the trade.
The numbers for the Cattle Inventory report were All Cattle and Calves: 100% (as expected), All Cows and Heifers that halved Calved: 100% (down 1% from expectations), Total Beef Cows: 99% (1% below expectations), All heifers over 500 Pounds: 99% (as expected), Beef Replacements: 101% (1% below expectations), Other Heifers: 98% (as expected), Steers above 500 pounds: 99% (1% above expectations), Bulls over 500 pounds: 100% (1% above expectations), Calves under 500 pounds: 100% (1% above expectations), and Calf Crop: 98% (1% below expectations).
