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"This could send beef prices to record levels in 2024 and 2025, as we hit the supply bottom of the current cattle cycle," Nelson warned. RELATED: How to Make an Inexpensive Steak Taste Expensive
Data shows the nation's cattle supply has steadily dropped since 1998 from about 110 million cattle head, despite a small bump in inventory between 2013 and 2018, to 87.2 million head this year.
The XIT Ranch was a cattle ranch in the Texas Panhandle which operated from 1885 to 1912. Comprising over 3,000,000 acres (12,000 km 2 ) of land, it ran for 200 miles (300 km) along the border with New Mexico , varying in width from 20 to 30 miles (30 to 50 km).
A steer. The Texas Longhorn is an American breed of beef cattle, characterized by its long horns, which can span more than 8 ft (2.4 m) from tip to tip. [4] It derives from cattle brought from the Iberian Peninsula to the Americas by Spanish conquistadors from the time of the Second Voyage of Christopher Columbus until about 1512. [5]
The cattle business in Texas is worth an estimated $15.5 billion, making it by far the most profitable agricultural commodity in the state, according to the state’s Department of Agriculture.
The cattle cycle is the approximately 10-year period in which the number of U.S. beef cattle is alternatively expanded and reduced over several consecutive years in response to perceived changes in profitability by producers. Generally, low prices occur when cattle numbers (or beef supplies) are high, precipitating several years of herd ...
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