Cattle at the Crossroads

Cattle at the Crossroads

Paul Peterson

University of Illinois

The year-long across-the-board rally in cattle prices has been driven by a combination of favorable supply and demand factors which have aligned to push prices to record levels. On the supply side, the starting point is cattle numbers. Beef cow numbers are the lowest since 1962, and last year’s calf crop was the smallest since 1949.

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