Cattle markets through the first two months of 2024 have built upon the strong prices from 2023 and pushed even higher. Cattle feed is a critical component in milk production, and its prices have soared significantly since 2022.
This reflects higher cattle saleyard prices and a small increase in beef production. At the onset of 2024, our national cow inventory is the lowest since the early 1960s and prices of calves, yearlings, fed cattle and cull cows are historically high.
At The Onset Of 2024, Our National Cow Inventory Is The Lowest Since The Early 1960S And Prices Of Calves, Yearlings, Fed Cattle And Cull Cows Are Historically High.
Cattle prices are projected to reach new highs in 2025;
Cattle Prices Moved Sharply Higher In 2023.
The february usda annual outlook conference will give a reality update on 2024 planted acres and supply and demand.
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Beef Cow Herd Is Now The Lowest Since 1962, And With The Majority Of Ag Economists Now Expecting Rebuilding To Take Place Until Q2 Of 2024 Or Later, That Means Even Higher Cattle Prices Could Be Ahead.
The chart below shows average weekly prices for.
The Livestock, Dairy, And Poultry Outlook For June 2024 Analyzes Economic.
This reflects higher cattle saleyard prices and a small increase in beef production.
