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NASS reported U.S. cattle and calves at 89.3 million head as of January 1, 2023, down 3%. Beef cows totaled 28.9 million and the calf crop fell 2% to 34.5 million, while cattle on feed were down 4% to 14.2 million head.
Lower calf crop and cattle on feed reduce near-term slaughter supplies, which supports cattle prices and points to lower beef output over the next few years.
dtnpf.comDTN StaffJan 31, 2023
tridge.comVictor LangatFeb 1, 2023After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% over 20.
After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% 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.
