Cattle herd declines amidst strong prices

The cattle market continues to experience a multi-year run of strong prices, offering robust marketing prospects for the industry. Year-over-year (YoY), cattle prices across all categories are set to increase and remain significantly above the 5-year averages. Since our early 2024 forecast, cattle prices have risen by $5-30 per hundred weight (cwt), with cow-calf producers seeing the most substantial gains.

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