# Could Cattle Prices Soar Through Next Year? That's What Economists Think, And It Could Completely Change the Industry - Drovers

> The August Ag Economists' Monthly Monitor from the University of Missouri and Farm Journal found most surveyed economists expect US cattle herd rebuilding not to start until Q2 2024 or later. The US beef cow herd is at its lowest since 1962. Economists also flagged likely consolidation among cattle producers and meat processors.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/34719-could-cattle-prices-soar-through-next-year-that-s-what-economists-think-and-it
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A prolonged herd contraction keeps cattle supplies tight and supports higher cattle prices into 2024, which in turn affects cattle feeding economics and demand for feed.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-05-29 | [Why the U.S. cattle herd is at a 75-year low — and what it means for beef prices : NPR](https://feedsoft.ai/events/19389-why-the-u-s-cattle-herd-is-at-a-75-year-low-and-what-it-means-for-beef-prices.md) | -0.8% | +1.4% |
| LCATTLE | 2024-01-24 | [Cattle Prices Start 2024 Higher Than Last Year \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/32256-cattle-prices-start-2024-higher-than-last-year-industry-news-feedlotmagazine-com.md) | +1.4% | +4.7% |
| LCATTLE | 2023-02-03 | [Varilek’s Cattle Call:  Beef Industry Changes \| TSLN.com](https://feedsoft.ai/events/10213-varilek-s-cattle-call-beef-industry-changes-tsln-com.md) | +1.3% | +4.1% |
| LCATTLE | 2023-06-05 | [Cattle numbers down 3% this year, market prices on the rise - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/35617-cattle-numbers-down-3-this-year-market-prices-on-the-rise-agweek-1-source-for.md) | +1.7% | +2.7% |
| LCATTLE | 2021-06-29 | [Ag economist says Cattle on Feed report has some good news for cattle prices - Brownfield Ag News](https://feedsoft.ai/events/46711-ag-economist-says-cattle-on-feed-report-has-some-good-news-for-cattle-prices.md) | -0.7% | -1.3% |
| FCATTLE | 2026-05-29 | [Why the U.S. cattle herd is at a 75-year low — and what it means for beef prices : NPR](https://feedsoft.ai/events/19389-why-the-u-s-cattle-herd-is-at-a-75-year-low-and-what-it-means-for-beef-prices.md) | +0.1% | +4.8% |
| FCATTLE | 2024-01-24 | [Cattle Prices Start 2024 Higher Than Last Year \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/32256-cattle-prices-start-2024-higher-than-last-year-industry-news-feedlotmagazine-com.md) | +4.5% | +8.8% |
| FCATTLE | 2023-02-03 | [Varilek’s Cattle Call:  Beef Industry Changes \| TSLN.com](https://feedsoft.ai/events/10213-varilek-s-cattle-call-beef-industry-changes-tsln-com.md) | +0.5% | +2.2% |

## Sources

- drovers.com: https://www.drovers.com/news/beef-production/could-cattle-prices-soar-through-next-year-thats-what-economists-think-and-it

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