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Cattle supplies remain tight after drought and high input costs limited herd expansion, with USDA putting the U.S. cattle inventory at its smallest in eight years and beef cow numbers at the lowest since 1962. Live cattle futures have roughly doubled from their 2020 low, and record futures trading volume reflects heavy risk management.
A structurally small herd with strong beef demand keeps cattle and feeder prices supported, and herd rebuilding is not expected before 2026-2027.
institutionalinvestor.comThe Editorial TeamNov 27, 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.
