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Canada's January 1, 2022 cattle inventory fell 0.5% to 11.1 million head, with beef cow numbers at their lowest since 1990. Record 2021 beef export values and solid demand are supporting cattle prices despite high feed costs.
A shrinking cow herd in North America points to tighter cattle supply later in 2022, which is supportive for cattle prices and feeder demand for feed.
canadiancattlemen.caCanfaxMay 13, 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.
