# Calf prices strengthen, cattle herd shrinking - AgriLife Today

> 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.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36795-calf-prices-strengthen-cattle-herd-shrinking-agrilife-today
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agrilifetoday.tamu.edu: https://agrilifetoday.tamu.edu/2023/02/28/calf-prices-strengthen-cattle-herd-shrinking/
- farmprogress.com: https://www.farmprogress.com/cattle-news/calf-prices-strengthen-cattle-herd-shrinking

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