Loading…
CoBank reports US beef cow numbers fell 2.5% year-on-year to 28.2 million head, the lowest since 1961. Pasture conditions are recovering in 2024 after drought in 2021 and 2022, but high calf prices are slowing herd rebuilding.
Slow herd rebuilding keeps feeder calf supply tight, supporting high calf and feeder cattle prices, while improved forage may ease feed costs over time.
cobank.comAbbi GrovesAug 1, 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.
