The current expansion is expected to extend until around 2010, with the largest beef production on this cycle coming in 2010 to 2012. This likely means several more years of favorable prices as cow slaughter remains low and heifer retention high.
More Quotes from Chris Hurt:
It is too early to tell from the data, but it will be interesting to watch in coming years.Chris Hurt
Perhaps this is signaling a reversal of the longer-run trend of the breeding herd moving away from the eastern Corn Belt. In 1990, 27 percent of the U.S. breeding herd was in the eastern Corn Belt. That portion declined steadily to a low of only 17.2 percent in 2004.
Chris Hurt
For Illinois, current cow numbers are 20,000 larger than those of three years ago and Ohio has added 37,000 cows in the last three years. Indiana, however, has seen beef cow numbers decrease.
Chris Hurt
Beef producers continued to expand the breeding herd for the second year. Beef cow numbers increased by 1 percent during 2005 after a small rise in 2004. The total number of cows increased by 338,000 head and the increase was concentrated in the western Corn Belt, where Missouri increased by 115,000 cows and Iowa by 40,000.
Chris Hurt
Overall, the U.S. breeding herd has been trending lower as a result of the sow herd shifting to Canada and as a result of higher productivity.
Chris Hurt
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