The optimism surrounding cattle markets at the start of this year is the highest since 2014-2015. Cattle supplies tightened in 2022 while beef demand remained relatively steady. We are entering 2023 with the expectation of a smaller calf crop that is more similar in size to 2014 than to recent years.
There will be challenges ahead, especially with navigating higher input costs and questions about beef demand in 2023. But the overall projection is for stronger cattle market prices.
2022 was a unique year for cattle…
