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AFBF's 2023 cattle outlook covers high feed costs, a third year of drought, and expectations for a 4-5% fall in US cattle inventory in the January report. It notes that the January 2023 cattle inventory could be the lowest since 1951 if declines are near 5%.
Expected low inventories and high feed costs point to tight cattle supplies and firm prices, which affects feed demand and feeding margins.
californiaagtoday.comCalifornia Ag TodayJan 10, 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.
