GENEPLUS_banner_2-23-23TX Alliance_3-23-2023Texas Alliance_3-23-23CDP_banner_4-23-232023 ABBA National F-1 Sale
Advertise With Us Subscribe Today Facebook
Not a member? Membership has its privileges— Register today! • Make SLS your homepage!
home articles Marketing |

What does the Cattle Inventory Report mean for cattle markets in coming years?

published: February 24th 2023
by: Dr. Andrew Griffith
source: Southern Livestock Standard

With the release of the Jan. 1 cattle inventory report, there have been several questions concerning what it means for cattle markets the next several years. If the inventory report is paired with record low hay stocks and high feed prices, then some longer-term implications are apparent.

      The first observation is that cattle prices are likely to increase and be strong for at least three years. However, prices may not escalate as quickly as some may think, because many heifers and cows will continue to enter the slaughter mix due to limited feed resources and the uncertainty of being able to feed those animals through the remainder of the winter and early spring. With many heifers still destined for the feedlot, it will likely be the second half of the year before any type of herd expansion can begin.

      Feeder cattle prices will escalate quickly once heifer retention begins, but the market is still several months away from this. Delayed heifer retention this year should result in strong feeder cattle prices in both 2024 and 2025.

Site:   Home   Publications   Market Reports   Sale Reports   Sale Calendar   Cattle & Service Directory   Full Commodities Report   Services   About Us   Contact Us

Article Categories:   All   Industry News   Herd Health   Feed & Nutrition   Pastures & Forages   Reproduction   Marketing   Columnists   Production   Genetics & Performance   Weather Forecast   Breed News   Producer Feature Stories   Items of Interest   New Products   Recipes

User:   Login   Logout   Register/Profile   Submit Market Report   Submit Sale Report