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Southwest economists report record cattle and calf prices in 2023 and a beef production decline from 2022's record. Drought relief and high prices may allow some herd rebuilding in 2024, though heifer retention would reduce calf sales.
Herd rebuilding would cut near-term cattle supply and lift calf prices, but it also reduces slaughter and feed demand in the short run, a key tension for feedlot margins.
farmprogress.comDavid P. Anderson, Derrell PeelJan 19, 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.
