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Texas A&M AgriLife economist David Anderson says Texas cattle herd numbers continue to shrink while calf prices remain strong after recent increases. He expects herds to keep shrinking in 2023 and calf and beef prices to climb, possibly reaching records by 2024.
A shrinking herd and strong calf prices tighten feeder cattle supply, supporting feeder and live cattle prices and reducing demand for feed in cattle lots over time.
agrilifetoday.tamu.eduAdam RussellMar 1, 2023
farmprogress.comAdam RussellFeb 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.
