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The Iowa Farm Bureau's July 2022 Cattle Report repeats USDA's July 1 inventory figures, with all cattle at 98.8 million head and beef cows at 30.4 million. It describes the ongoing herd reduction phase of the cattle cycle, with liquidation linked to dry pasture in the Plains and West.
Continued herd liquidation signals lower future beef supply and firmer cattle values, though the report repeats data already published by USDA.
iowafarmbureau.comIowa Farm BureauJul 28, 2022After 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.
After 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.
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.
