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US beef prices are rising while slaughter remains at record highs, according to an MLA report citing USDA data. The US cattle herd fell 3% to 89.3 million head in January, and drought recovery in the southern and southwestern US is expected to limit supply further.
A declining herd and expected lower slaughter point to tighter cattle supplies, supporting cattle prices and reducing feedlot throughput.
tridge.comVictor LangatMar 3, 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.
