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Oklahoma State economist Derrell Peel said US cattle numbers are at multi-decade lows, with the 2024 calf crop expected near 33 million head, the lowest since 1941. He noted fed cattle passed $2 per pound for the first time and all cattle classes set record prices in January.
Producers are being incentivized toward herd rebuilding.
Record prices and a shrinking calf crop point to sustained tight cattle supplies, supporting elevated fed and feeder cattle prices until herd rebuilding takes hold.
agrinews-pubs.comMartha BlumFeb 19, 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.
