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All cattle and beef markets moved higher in the first half of January 2025, setting record price levels. Oklahoma 500-lb steer prices reached $361.88/cwt and the 5-market fed steer price hit $203.56/cwt.
The U.S. calf crop has fallen for six years.
A shrinking calf crop and tight feeder supplies keep cattle prices supported, and expectations of higher fed prices point to continued upside.
drovers.comDerrell PeelJan 28, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Record cattle and beef prices and a six-year decline in the calf crop describe the structural supply tightness underpinning the rally.
