Livestock economists are not expecting much change in next year’s cattle market.
Experts are Rabobank say producers are holding back replacement heifers as they continue fighting drought and high feed prices. Right now, researchers are focused on studying total female cattle slaughter numbers, and they estimate 2022 will end with 17.6 million head of cows and heifers slaughtered. They warn those numbers could have long-lasting implications, including sacrificing gains in next year’s cow herd.
Without better precipitation over the winter and into next spring, researchers say the pattern will likely continue into 2024’s cow herd.
Related Stories
The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
Egg prices have been on a roller coaster this year, soaring sky-high and falling back down to Earth in just a few months.
According to the latest Cattle on Feed report, drought brought placement numbers lower.
Market Day Report host Marlin Bohling speaks with Jeremy Zwinger, CEO/President of The Rice Trader and Farm and Trade Inc. in Durham, Ca., to discuss the latest.
