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Analysts expect cattle prices to rise in 2022 as market-ready fed supplies tighten and the beef cow herd shrinks for a third straight year. NDSU economist Tim Petry cites drought across the western US, with 36 percent of the national beef cow herd in drought areas.
A shrinking herd and drought-driven liquidation point to tighter future supplies, supporting a stronger cattle price outlook.
brownfieldagnews.comMeghan GrebnerDec 1, 2021After 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.
After 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.
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.
