# How Long Will High Prices Last?

> 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.

- Date: 2023-10-11 · published 2023-10-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33565-how-long-will-high-prices-last
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Sustained tight cattle supply supports elevated cattle prices, which raises costs for feedlots and feed buyers reliant on cattle demand.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- angus.org: https://www.angus.org/angus-media/angus-beef-bulletin/abb-extra/2023/10/fp_cattle-market

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