USDA projects US beef supply down 1 billion pounds in 2015

The reason producers see high cattle price is because of the continued shortage of beef cattle in the US. Beginning stocks for 2015 are down 89 million pounds. US beef production for 2015 is estimated down 794 million pounds and imports will be short as well. USDA estimates that beef imports will be down 123 million pounds.

According to Montana State University Economist Gary Brester, beef prices will continue to be high for producers until producers start to retain heifers to rebuild the US cattle herd. It may take a while if one has to bet on the weather in order to make a management decisio...