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Texas now has the largest cow herd in the US, estimated at about 94 million head including dairy cattle. Texas A&M extension specialist Joe Paschal says heifer entries into feedyards are slowly rising, suggesting the high-number phase of the production cycle is nearing its end.
Rebuilding of heifers signals tighter future cattle supplies, which should support prices over the next couple of years. Retail beef prices are expected to lag the cycle.
animalscience.tamu.eduMay 7, 2019After 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.
