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
USDA says weather damage in key Robusta-growing regions is tightening supplies and lowering export expectations.
USDA says federal biofuel policy and growing renewable diesel capacity are increasing demand for feedstocks.
USDA says growing soybean output and expanding biofuel demand are helping drive the increase.
Industry leaders say restored access is a major step forward, though exports remain well below previous levels.
Texas A&M economist John Robinson says speculative buying helped push ICE cotton futures sharply higher.
Smaller exporter crops and lower global stocks could keep wheat markets sensitive to weather, trade, and shifts in demand.
