Steers weighing 500 pounds or more decreased to 67,000 head, down 4 percent from the previous year. Bulls,
at 48,000 head, were down 2 percent from a year earlier. Calves under 500 pounds totaled 300,000 head,
down 3 percent from January 1, 1997. The 1997 calf crop was estimated at 620,000 head, down 3 percent
from 1996.
All cattle and calves on January 1, 1998, were valued at $585 million, 21 percent above the previous year.
The average value per head was $450, up 25 percent from the previous year. Cash receipts from marketings
totaled $196 million during 1997, up 42 percent from 1996.
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