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USDA's Economic Research Service says the U.S. cattle inventory will increase by 7.6 million head over the next 10 years.

The U.S. cattle inventory is expected to rise significantly over the next decade, up 7.6 million head to more than 97.4 million in 2025. Combined with rising slaughter rates, the increased numbers will steadily increase beef production nearly 4.3 billion pounds to more than 28 billion pounds by 2025, according to projections by USDA’s Economic Research Service.

Although prices for cattle are expected to decline through the next decade, lower feed prices than what’s been seen in the past several years will raise producer returns. Better returns and improved pasture are expected to provide incentives for herd expansion, ERS reported.

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