# 2024 Beef Cattle Outlook | CAES Field Report

> The University of Georgia extension outlook for 2024 expects beef cattle prices to rise year over year on tight supplies and stable consumer demand. Risks include consumers pulling back from high-priced beef and input cost uncertainty.

- Date: 2024-01-22 · published 2024-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32071-2024-beef-cattle-outlook-caes-field-report
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expected tight cattle supplies support higher feeder and fed cattle prices through 2024, while demand pullback is the main downside risk for feed buyers to watch.

## Read by commodity

- CSM: bullish ▲
- SBM: neutral
- WTI: neutral
- CORN: neutral
- MILK: neutral
- CHICKEN: neutral
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- fieldreport.caes.uga.edu: https://fieldreport.caes.uga.edu/publications/AP130-2-04/2024-cotton-outlook/
- fieldreport.caes.uga.edu: https://fieldreport.caes.uga.edu/publications/AP130-2-07/2024-poultry-outlook/
- fieldreport.caes.uga.edu: https://fieldreport.caes.uga.edu/publications/AP130-2-08/2024-beef-cattle-outlook/
- fieldreport.caes.uga.edu: https://fieldreport.caes.uga.edu/publications/AP130-2-09/2024-dairy-outlook/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.