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Oklahoma State extension economist Derrell Peel expects cattle prices to keep rising because the US cow herd is shrinking, with July cow numbers the lowest in the history of the report. He expects herd rebuilding to begin in 2024 and beef output to fall 6-8% that year.
Expectations of tighter cattle supplies into 2024 support continued strength in fed and feeder cattle prices.
agrimarketing.comOct 19, 2023Not 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.
