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Oklahoma State economist Derrell Peel says cattle prices will stay strong for years as supplies keep falling, with the cow herd at its smallest since the early 1960s. He expects rebuilding to start in 2024 and beef production to drop further next year.
Sustained tight cattle supply supports elevated cattle prices, which raises costs for feedlots and feed buyers reliant on cattle demand.
angus.orgOct 11, 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.
