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Texas A&M economist David Anderson discusses record cattle and beef prices, with the US herd at a six-decade low. Ranchers faced years of losses and rising costs before recent price gains, and drought forced herd cuts.
A small herd and steady retail demand keep cattle prices high, with rising pasture and fuel costs adding pressure on ranchers.
dallasfed.orgAug 5, 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.
