FAS/Tokyo forecasts cattle inventory expands in 2025 on greater cow beginning stocks and a moderate pace of slaughtering from 2024. Despite a drop in total number of cattle slaughtered, beef production will remain flat in 2025 from 2024 as slaughtering expands of the larger carcass black hair wagyu cattle. Growth in sow numbers will raise the total swine population by the end of 2025 and pork production expands on greater slaughter numbers and heavier finishing weights.