Not Bullish: U.S. Cattle Herds Hung Up on Higher Interest Expenses

Cortney Cowley, Ty Kreitman and Francisco Scott

Economic Bulletin, 2024, 4

Abstract: Cattle inventories declined to historically low levels at the start of 2024. Cattle producers may face challenges maintaining or restocking herds, as higher interest expenses on cattle and input purchases in 2022–23 have constrained profit margins. Although feed costs have decreased slightly, higher costs for financing and other operating expenses could continue to put pressure on cattle production and profitability.

Keywords: Cattle industry; agriculture; Farm loans (search for similar items in EconPapers)
Date: 2024
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