Actually, Bloomberg Finance recently warned about how the cattle replacement level is precariously low in the US. It takes a minimum of a one-year forecast to gauge how many dairy cows will be born to reach milk production status, and apparently farmers are having a difficult time with all the debt and limited resources hampering them. Because of the US’s red meat addiction, we are currently at best only at minimum replacement, which is really concerning until the nation reduces some of its cattle consumption; otherwise, beef prices will continue to rise…