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Oklahoma State and Texas A&M economists expect higher cattle and beef prices in 2022 after tight supplies pushed prices up at the end of 2021. Beef cow slaughter rose more than 8% in 2021, shrinking the national cow herd, and drought remains a concern in the western US.
A smaller cow herd and tight fed supplies support higher cattle prices into 2022, while western drought could raise feed costs and limit herd rebuilding.
farmprogress.comJan 24, 2022After 28 past bullish macro events, LCATTLE moved a median -0.3% over 5 sessions (39% higher; middle half -1.2% to +0.9%), and +1.7% over 20.
After 21 past bullish macro events, FCATTLE moved a median +0.2% over 5 sessions (62% higher; middle half -0.7% to +1.4%), and +2.4% over 20.
After 78 past neutral macro events, CORN moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% 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.
