1,4 million cattle sold during drought … restocking hinders supply of beef to markets

After 123 past weather events, LCATTLE moved a median +0.1% over 5 sessions (54% higher; middle half -0.7% to +1.1%), and +0.7% over 20.

• Sep 5, 2018Australia's drought impact on cow markets - Seeking answers to the hard questions - Beef Central-0.0%
• Jul 15, 2019Cattle and beef markets looking for summer direction: Peel+0.5%
• May 26, 2022Input Prices, Drought Impacting Cattle Markets-0.2%
• Jan 1, 2024As drought tightened cattle production, 2023 markets soared  - High Plains Journal-0.4%
• Nov 13, 2022All Drought, No Cattle: Low herd supply may drive record-high prices next year+0.8%

After 134 past weather events, FCATTLE moved a median +0.3% over 5 sessions (57% higher; middle half -1.3% to +2.2%), and +1.2% over 20.

• Jul 15, 2019Cattle and beef markets looking for summer direction: Peel-1.1%
• May 26, 2022Input Prices, Drought Impacting Cattle Markets+11.9%
• Jan 1, 2024As drought tightened cattle production, 2023 markets soared  - High Plains Journal+0.7%
• Nov 13, 2022All Drought, No Cattle: Low herd supply may drive record-high prices next year+2.2%
• Aug 18, 2021US drought could have implications for beef exports | The Cattle Site+1.3%