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The U.S. Department of Agriculture is developing a plan to revitalize the decimated U.S. beef herd, but will not offer payments to producers, Agriculture Secretary Brooke Rollins said. The U.S. cattle inventory is the lowest since 1951, according to government data, shrunk by years-long drought that dried up pastureland. Ranchers have slowly begun to rebuild the herd, but beef prices are at record highs, according to Reuters. The USDA is working on short- and long-term solutions to the problem and will provide more details in mid-October, Rollins said at the Ag Outlook Forum in Kansas City, Missouri.
