McLean County Farm Bureau

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Cattle estimates suggest more liquidation ahead

With cattle, calves, beef cows and cow and heifer inventories down and under trade expectations, what’s ahead for the cattle market? “I’m not sure how much futures can extend recent gains,” said Rich Nelson, chief strategist at Allendale Inc. “The interesting thing is we’re not yet into the tight supply portion of the 2023 picture. That really starts in the second quarter and accelerates into the fourth quarter.” He discussed USDA’s biannual cattle inventory report.

 

 

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