U.S. Cattle Cycle

The ebb and flow of the cattle industry is as fascinating as it is intricate. If you’ve been tracking the rise in Live Cattle and Feeder Cattle futures prices since mid-2020, you know that the industry is in a unique phase of its historical cattle cycle. Let’s delve deeper into understanding the dynamics and trends that continue to shape this crucial sector of agriculture. The Current Landscape: Prices and Droughts Recently, on August 4, 2023, front-month Feeder Cattle futures marked a record high of $249.525/cwt. This peak can be attributed…