January 1 Beef Cow Numbers Decline 3.6%

USDA-NASS released their January 1, 2023, cattle inventory estimates last week. To no one’s surprise, the report confirmed another year of contraction in the beef cattle industry. According to the report, cattle inventories totaled 89.27 million head, a 3% decline year over year. The table at the end of this article provides estimates for each cattle class in the report.