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
Lewis Williamson with HTS Commodities discusses how tensions in the Middle East are impacting producer’s spring planting decisions.
Land values remain key to borrowing strength.
Mike Steenhoek with the Soy Transportation Coalition discusses supply chain disruptions, rising costs, and the potential impact on agriculture as farmers navigate ongoing global uncertainty.
Spring Fieldwork Expands Amid Mixed Weather Nationwide
American Soybean Association President Scott Metzger discusses his recent testimony before the Senate Ag Committee, key priorities for soy growers, and his outlook for farmers into spring planting.
Strong exports support cattle and hog market fundamentals.
