North American Liquidation
John Harrington DTN Livestock Analyst
While U.S. and Canadian cattlemen have had their differences since 2003, they continue to march to the same bearish drumbeat of herd liquidation.
The Canadian count just released falls in the wake of last month’s assessment of the U.S. herd, an inventory that totaled a short 1 percent below the previous year. The two herds tallied together equals 106.7 million head, 1 percent below last year’s combination and 4.2 percent smaller than the peak of 2006.