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The US beef cow herd is the smallest since 1962 after drought and high feed costs drove producers to send animals to slaughter. Cattle feeders now have more bargaining power over meatpackers such as Tyson, Cargill and JBS.
Cargill expects cattle prices to rise further.
A structurally shrinking herd keeps cattle supplies tight, lifting cattle prices and squeezing packer margins, which may push beef prices higher for consumers.
beefweb.comJeff DayJun 9, 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.
