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High Plains Journal profiles the US cattle industry, citing USDA data that cattle represent about 17% of agricultural cash receipts. The ERS noted drought and tight forage are forcing deeper herd culling, with higher beef cow slaughter in early 2022.
Deeper culling from drought tightens future beef supply, which supports cattle prices over the longer term.
hpj.comDave BergmeierMay 13, 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.
