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U.S. beef cow numbers fell to 28.22 million head on January 1, 2024, extending five years of herd liquidation. USDA projects beef production to decline further in 2024 and 2025, and beef demand has held up better than expected.
A shrinking cow herd and falling beef output keep cattle supplies tight and support high prices. Tight cattle supplies can slow feedlot placements and reduce feed demand over time.
angus.orgAug 22, 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.
