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Early Herd Rebuilding Could Happen Through The Bred Cow Market, Elliott James Dennis
Early Herd Rebuilding Could Happen Through The Bred Cow Market, Elliott James Dennis
Center for Agricultural Profitability
The USDA Cattle Inventory report showed a 4% reduction in beef cows, a 6% decrease in heifers held back for retention, and a 5% reduction in heifers expected to calve this year (USDA-NASS 2023). Feeder cattle supplies will be reduced nationally in 2023. Continued liquidation in 2023 will depend on the profit margins producers expect to receive.
Heifers On Feed Indicate Long-Term Liquidation Still Occurring, Elliott James Dennis
Heifers On Feed Indicate Long-Term Liquidation Still Occurring, Elliott James Dennis
Center for Agricultural Profitability
Beef cow herd liquidation occurred in a significant way in 2022 due to a combination of strong lean beef demand, higher cull cow prices, and forage issues due to drought. Fewer cows results in fewer feeder cattle, tightening supplies for fed cattle, and ultimately lower beef production in 2023. The USDA-NASS Cattle Inventory report is released at the end of this January and analysts' estimates for beef cow reduction are in the 3-4% range. This will directly affect feeder cattle numbers in 2023.