US cattle herd at 36-year low amid poor profits

US cattle herd at 36-year low amid poor profits

Alibaba.com

The U.S. cattle herd was at a 36-year low in June and the number of cattle being fattened at feedlots was the smallest in 10 years, government data showed on Friday, with the contraction expected to last till 2012.

Data from the U.S. Agriculture Department was expected to provide mild support to cattle futures when trading at the Chicago Mercantile Exchange resumes on Monday morning.

The herd is in the third year of reduction amid the recession, high grain prices and lingering concerns over the first case of mad cow disease in the United States in 2003.

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