# December 2023 Market Update - Y. Hata & Co., Limited

> Y. Hata's December 2023 update says beef prices remain elevated and consumer demand has fallen short of packer expectations, so supplies are adequate for the holiday season. Packers have added Saturday shifts to clear a cattle backlog, and cattle are being kept on feed longer as grain prices are lower. Herd rebuilding has not started because of drought and high interest rates.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32863-december-2023-market-update-y-hata-and-co-limited
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight herd numbers and holiday demand point to continued firm cattle and beef prices through the rest of the year, which supports feeder and live cattle values.

## Read by commodity

- LCATTLE: bullish ▲

## Sources

- yhata.com: https://yhata.com/articles/december-2023-market-update/

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