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jokingly added after his introduction on Wednesday.
According to the specialist, cattle numbers reached their peak in the U.S. in 1925, 1935, 1945, 1955, 1965 and 1975. “It’s a little eerie,” he acknowledged. Further, Williams reported that dairy stock equaled beef stock in numbers in the 1950s but now beef cattle make up 8U percent of the country’s cow population.
“Are we going to peak out again in 1985 and have another price crash?” Williams asked. “What are the warning signals?”
Five Danger Signs
He pointed to five statistics that sound the alarm for an impending decline in the beef market and predicted that another plunge will hit the industry in 1985 if farmers don’t cooperate in controlling herd growth.
According to Williams, first warnings are (1) an annual growth rate of more than two per cent in cattle crop and (2) an annual increase in total cow numbers of more than two per cent.
Feedlot Numbers Up As of October, the total number of cattle in feedlots is up slightly over the previous year and will increase even
88.5%