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The USDA reports that the US beef cow herd grew 1.6% to 31.7 million head as of January 1, 2018, and total cattle and calves reached 94.4 million head. Replacement heifer numbers fell 4% year on year, below analyst expectations for herd growth.
Slower herd growth and fewer replacement heifers point to tighter future cattle supply, which supports fed cattle prices over the longer term.
northernag.netbyFeb 1, 2018After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), 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.
