Herd expansion won’t slow down anytime soon according to Rabobank analysts who are projecting 1.6% to 2.2% growth in the beef cow herd in the next two to three years.
Rabobank recently published the U.S. Long-term Beef and Cattle Outlook report which outlines how expanding beef production will increase the need for export. Don Close, senior analyst of animal protein and Sterling Liddell, senior analyst of data analytics, authored the report for RaboResearch Food & Agribusiness.
The cow herd has been in expansion phase starting in 2014, after several years of declines stemming back to 1995. The most dramatic drop in cow numbers happened in 2011-12 after widespread drought through the U.S., and especially in the Southern Plains forced mass herd reductions.