date:Jul 04, 2014
t data from the USDA show.
Expanding the cattle herd to boost beef output is a slow process. The gestation for calves is nine months and animals take as long as 22 months to reach slaughter weight.
Prices are going to stay high, Dick Quiter, an account executive at Chicago-based McFarland Commodities, said in a telephone interview yesterday. Youre probably looking at a two-year cycle from now into 2016 before cow numbers are ramped back up to what they were.