Loading…
CattleFax experts forecast record cattle prices for 2023, with fed cattle averaging $158 per hundredweight and 550-pound calves averaging $225. The outlook follows two years of herd liquidation from drought, with a record 13.5% cow culling rate last year.
Shrinking slaughter numbers and strong beef demand point to higher cattle prices in 2023, increasing feeder and feed purchase costs for buyers.
agriculture.comGene JohnstonFeb 2, 2023After 268 past bullish report events, LCATTLE moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, FCATTLE moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
