Loading…
USDA Economic Research Service analysts report that two years of drought have deteriorated pasture conditions, with the 2022 pastureland index at its worst start since 1995. Drought is pushing calves into feedlots faster and driving record beef cow culling.
Reduced cow herd and earlier marketings tighten fed cattle supplies into late 2022 and 2023, supporting higher cattle prices.
agproud.comHannah Brooks, Russell KnightJun 24, 2022After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% 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.
