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A market analyst told the Saskatchewan Stock Growers Association that cattle numbers are at a 60-year low. Cow slaughter is down 13 to 14% this year, and producers are holding back few breeding heifers.
A shrinking herd and limited heifer retention keep feeder and fed cattle supplies tight, supporting high prices. Analysts say the market could peak sooner than expected if retention rebuilds.
Not 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.