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DTN's year-end review says US cattle prices set repeated record highs in 2024, with fed cash cattle reaching $191-192 in the Southern Plains in mid-December. Feeder and cull cow prices also hit records at points during the year.
The article credits slow herd expansion, drought, heavier slaughter weights and a cattle pest in Mexico.
Tight cattle supplies and strong beef demand keep the cattle complex at high price levels, which supports feeder and live cattle values heading into 2025 and raises feed-ration costs for feedlots.
dtnpf.comShayLe StewartDec 20, 2024Not 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.
