The number of dairy cows going to slaughter appears to have stablized and even dropped.

According to USDA's "Livestock Slaughter" report issued Thursday morning, the number of dairy cows going to slaughter in November totaled 209,000, down 18,000 from the number slaughtered in October.

Many dairy cows have gone to slaughter in recent months because of low milk prices. The slowdown in slaughter numbers could be a bearish sign, because current cow numbers may be too high to sustain profitable prices.