NEWS
Report: Cattle Herd Down in 2013
Fri Jan 31, 2014 07:16 PM CST

(Dow Jones) -- The U.S. government's cattle inventory data confirmed that the nation's cattle herd contracted again in 2013.

However, ranchers retained more young female cattle to produce new animals -- a sign the ranchers are rebuilding their operations as feed prices decline and drought eases in some regions.

The report, released Friday, was viewed as generally neutral for prices when the futures markets reopen on Monday.

"The report was definitely in line with expectations. It's not going to be a market mover, but did clearly show that the supply side is going to be tight in the beef ...

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