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.
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Lower freight costs helped sustain export demand amid a challenging pricing environment.
Producers across the country spent the week balancing spring planning with tight margins and uneven moisture outlooks. Input purchasing stayed cautious, while marketing and cash-flow decisions remained front and center for many operations.
