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Cattle producers are sending more breeding stock to slaughter amid high input costs and drought, and some are liquidating herds entirely. USDA data show total cattle inventory down 2% to 98.8 million head, with more females placed in feedlots.
Shrinking herds and rising female slaughter point to tighter fed-cattle supplies into 2023, which supports higher cattle and beef prices.
foxbusiness.comBreck DumasJul 30, 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.
