Beef Cow Inventory January 1, 1999 - 2004 --------------------------------- Year Beef Operations Beef Cows --------------------------------- 1999 12,700 980,000 2000 12,300 970,000 2001 12,000 1,004,000 2002 11,500 1,008,000 2003 11,000 973,000 2004 NA 937,000 --------------------------------- ---------------------------------