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At the CattleFax Industry Outlook Seminar, Kevin Good said the US cow herd fell 2% in 2023 to 28.2 million head and slaughter is expected to drop by at least 700,000 head in 2024. Heifers on feed near 40% of cattle on feed, and beef-on-dairy crosses are becoming a larger share of feedlot supply.
Tight fed cattle supplies are expected to shift the market later in 2024, supporting fed and feeder cattle prices. Rising beef-on-dairy feeder supply is a partial offset over time.
agproud.comCarrie VeselkaFeb 26, 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.
