Interesting article about Cattle Cycles.
“The cattle cycle has, since the mid-1800s, been fairly predictable. Every eight years the trend reverses, usually driven by total herd numbers and ultimately, their corresponding market prices. Right now, we’re just about to the end of the latest eight-year period during which the U.S. herd has fallen by almost 4 million, or 11%. There are fewer calves out there, but female slaughter’s already started to decline, a surefire sign that herd expansion is on its way back. And why wouldn’t it be? Prices are at record levels. Expanding to capitalize on those prices just makes sense. So, does it all mean the herd is on its way back up?”