USDA Releases Livestock Income Figures

Cattle and sheep income declines, swine increases.

USDA's National Agriculture Statistics Service reports that gross income from cattle and calves, hogs and pigs and sheep and lambs during 2008 totaled $65.2 billion. That figure is down 1% from 2007. Gross income decreased 3% for cattle and calves; and 5% for sheep and lambs. At the same time the gross income for hogs and pigs was up 9%.

 

Cash receipts from marketings of cattle and calves decreased 3% from $49.8 billion in 2007 to $48.2 billion in 2008. Marketings totaled 54.2 billion pounds, down 1% from 2007.

 

Cash receipts from hogs and pigs totaled $16.1 billion during 2008, up 9% from 2007. Marketings totaled 32.7 billion pounds, up 8% from 2007.

 

Cash receipts from marketings of sheep and lambs in 2008 were $451 million, down 5% from 2007. Marketings decreased 6% to 526 million pounds.

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