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Texas A&M AgriLife reviews the beef cattle market, noting southern plains cattle prices have risen steadily on strong retail beef demand and reduced 2023 production. Record May-July beef expenditures are cited, with August slightly lower.
Tight cattle supplies and strong beef demand support fed cattle prices, while feed cost and demand sensitivity are key risks for the rest of the year.
agrilife.orgpancho.abelloSep 22, 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.
