The Canadian and American beef herds have shrunk to the lowest levels in decades, and that is forcing cattle and beef to record prices.
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U.S. beef rebuilds on higher prices
Cull rates have dropped and heifer retention began last year, suggesting the five-year liquidation period is ending
Historically low U.S. beef inventories are about to change as the industry soon enters its rebuilding phase, according to a Rabobank report.