US cattle herd smallest in 63 years
The US cattle herd is the lowest in 63 years. The data up to the beginning of last month show 87.7 million animals, the lowest number since January 1951, according to the USDA.
The lowest number of calf births since 1941 was also recorded. The calf herd numbered 33.9 million head in early January.
The US herd has been falling steadily, but it worsened further after the severe drought two years ago and rising production costs, especially after record grain prices.
This could open doors for Brazil, the world's leading exporter. For this to happen, however, the US will have to open its market up to fresh Brazilian meat, which is now being discussed.