Next week at this time, I will be able to provide all of you with an update on the July Cattle Inventory Report which comes out July 22. The report will contain the mid-year estimates of the total cattle inventory in the United States, broken down by category, along with the first estimate of this year’s calf crop. For the past year-and-a-half, one of the major topics of conversation around our industry has been drought, which the western half of the country primarily experienced last year and now the southern regions are really feeling this year. Cowherd liquation has been...

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