# 2024 Winter Cattle Journal | Cattle Market Outlook: A Look Ahead to 2024  | TSLN.com

> 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.

- Date: 2024-01-04 · published 2024-01-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32073-2024-winter-cattle-journal-cattle-market-outlook-a-look-ahead-to-2024-tsln-com
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tighter cattle numbers and likely herd rebuilding support higher cattle prices, while slower beef production reduces feedlot placements and feed grain demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- tsln.com: https://www.tsln.com/news/special-interest/the-cattle-journal/winter-cattle-journal/2024-winter-cattle-journal-cattle-market-outlook-a-look-ahead-to-2024/

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