Loading…
USDA data show total US cattle and calf inventory down 3% to 89.3 million head as of January 1, 2023, with beef cows down 4% to 28.9 million. Producers report higher sale barn prices, while drought and high feed and input costs have tightened supplies.
A shrinking herd limits near-term beef supply and supports cattle prices. High feed costs also squeeze producer margins, which could slow herd rebuilding.
agweek.comAriana SchumacherJun 5, 2023After 268 past bullish report events, LCATTLE moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, FCATTLE moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
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.
