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A DTN analyst argues the cattle market could see a breakout week ahead of the January inventory report. The beef cow herd is expected to fall below 29 million head, a record low.
Commentary centers on how cow-calf producers and feedlots may gain pricing leverage through 2023 to 2025.
Expectations of a historically low beef cow herd support higher live and feeder cattle prices as the market prices in tighter future supply.
dtnpf.comShayLe StewartJan 30, 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.
