date:Jul 28, 2014
The U.S. cattle inventory as of July 1 fell to the lowest for the date since records began in 1973, U.S. government data showed after futures in Chicago settled at a record high, signaling higher beef costs.
Supplies at 95 million head fell 2.9 percent from July 2012, the Department of Agriculture said today in a report.
The mid-year data wasnt issued last year because of a partial government shutdown.
The herd on Jan 1 was the smallest since 1951.
Cattle futures headed for the sixth straigh