# Tighter cattle, beef supplies support higher prices

> 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.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32072-tighter-cattle-beef-supplies-support-higher-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/livestock/tighter-cattle-beef-supplies-support-higher-prices

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