# AgriMarketing.com - Oklahoma State Ag Economist Predicts Good Cattle Prices To Last For Years To Come

> 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.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33564-agrimarketing-com-oklahoma-state-ag-economist-predicts-good-cattle-prices-to
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expectations of tighter cattle supplies into 2024 support continued strength in fed and feeder cattle prices.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agrimarketing.com: https://www.agrimarketing.com/s/147115

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