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University of Nebraska-Lincoln economist Elliott Dennis says US herd liquidation will continue in 2022, with beef cow slaughter up 10% over 2020. Drought and poor forage in Western states have cut hay stocks, and cull cow sales are rising as producers respond to market incentives.
Heavier cow slaughter and heifer marketing tighten the future feeder cattle supply, a bullish signal for feeder cattle prices, though near-term beef supply rises.
agrinews-pubs.comMartha BlumMar 17, 2022After 21 past bullish macro events, Feeder Cattle moved a median +0.2% over 5 sessions (62% higher; middle half -0.7% to +1.4%), and +2.4% over 20.
After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% 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.
