Weekly beef slaughter increased year over year for 70 consecutive weeks. The latest weekly data volume is down 9.0% year-over-year against year-to-date cattle slaughter increased by 12.3% year-on-year.
If cattle slaughter fell to exactly the same level as last year in the remaining weeks of the year, the annual cattle slaughter would have increased by 10.5% year-on-year. This resulted in an annual net herd churn rate of 13.1%, a new record.
Many producers have adjusted herd inventories, given hay and feed supplies, to be able get through the winter. This probably mean that cow culling will slow down through the winter. However, the damage to cattle industry female inventories is already done in 2022.
Total cow plus heifer slaughter is over 51 percent. This is the highest female slaughter percentage since 1986. This indicates the most severe depletion of female cattle inventories in more than three decades.