Loading…
Oklahoma State economist Derrell Peel says feeder cattle prices have risen sharply in 2023, with lightweight calves and stockers about 45% higher year over year. The US beef cow herd on January 1 was the smallest since 1962 and is still shrinking.
A shrinking cow herd and smaller feeder supplies mean tight beef supply, which supports cattle prices and keeps them near record levels.
oklahomafarmreport.comAimee CarlisleSep 4, 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.
