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An Iowa State outlook notes that US beef cow numbers are falling, with January 2023 herd projected more than 4% below 2022 after drought-driven liquidation. Feedlot cattle on feed in November were the smallest for that month since 2018 in large feedlots.
Tighter fed cattle and feeder supplies support higher cattle prices into 2023, which in turn tends to reduce demand for feed and support feeder-related markets.
feedlotmagazine.comSources Russ Euken, ISU Extension Livestock Specialist, Lee Schulz, ISU Extension Livestock Economist, Katelyn SteffensDec 16, 2022Not 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.
