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The Federal Reserve Bank of Dallas Beige Book reported rising beef prices continuing, with solid demand and falling supply as production declines. Ranchers are earning more per cow but facing higher costs.
The piece features a Wyoming rancher's perspective on high beef prices.
Falling cattle production and solid demand keep beef and cattle prices elevated, supporting live cattle values over the medium term.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% 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.