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The Hot Barn Report says US cattle herd liquidation is continuing, cattle supplies are tightening, and beef imports are rising. It notes that hay and feed supplies are among the shortest on record after a hard northern winter and drought across the central and southern Plains.
Shrinking cattle numbers and scarce feed keep feeder and fed cattle prices supported, and higher beef imports are a partial offset. Buyers should expect firm cattle prices and tight feed availability.
youragnetwork.comAdministratorApr 28, 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.
