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Western Illinois University economist Jason Franken says the US beef herd is in its second straight year of decline, with July inventory down 1.3% year over year. Beef cows are down 2% and replacement heifers are down 2%, partly due to drought.
A shrinking cow herd tightens feeder cattle supply and supports higher cattle prices ahead. Feed buyers should expect firmer cattle demand for feed over the coming cycle.
farmprogress.comSierra DaySep 14, 2021After 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.
