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A Farm Bureau market outlook says 2022 brought drought, high feed costs and complex challenges for U.S. cattle producers. Analysts expect the January inventory report to show cattle numbers 4-5% below 2022, possibly the lowest since 2013 or earlier.
The outlook also highlights record November fed cattle marketings and lower feedlot placements.
Expected declines in cattle inventory and feedlot placements point to tighter beef supplies, supporting cattle prices while feed costs remain a key cost pressure.
fb.orgBernt NelsonFeb 1, 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.
