Much discussion surrounding cattle markets in 2022 has focused on factors impacting current and future supplies. Drought-induced feedlot placements, higher cow and heifer slaughter, and lower auction receipts are all topics discussed in this newsletter over the past few months that have implications for cattle supplies moving forward. Today, I want to take a step back and look at the supply situation from a longer-term perspective which is typically called the cattle cycle.
The cattle industry is cyclical by nature. The production lags inherent to the sector lead to long-lasting…
