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Oklahoma State economist Derrell Peel expects cattle prices to rise further in 2024 after record 2023 levels. The industry is smaller than needed, and herd rebuilding incentives will grow as the cow herd shrinks.
Tighter cattle numbers and likely herd rebuilding support higher cattle prices, while slower beef production reduces feedlot placements and feed grain demand.
tsln.comJan 4, 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.
