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DTN analyst ShayLe Stewart compares the 2023 cattle rally with the 2014-15 rally, citing the January Cattle Inventory report showing the beef cowherd at 28.9 million head, below the 2014 record low. The analysis notes fewer feeder cattle available for feedlots and stronger demand than in 2014-15.
It also says the market is more exposed to outside pressures.
A record-low beef cowherd means fewer feeder cattle will be available, which supports feeder and fed cattle prices. Greater exposure to outside pressures could make prices more volatile.
dtnpf.comShayLe StewartMay 1, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
